Reverse Close investing is it Legit?

[Chuong Pham]

I was presented with and investing opportunity called Reverse Close through a transaction engineer at on of the local REI meetup. From my understanding the process involve person A with good credit borrowing from the bank at lower interest rate for a person B who is not able to get a bank loan. Then charging person B higher interest so they can purchase a home. The deed is own by person A who now has a mortgage under their name. A intermediary company handle all the mortgage payment and person A earn monthly passive income from the interest.

Do you guys think this is a good investment opportunity. 

[David D Painter]

Taking out a mortgage in your name and trusting someone else to handle everything including timely payment of mortgage, taxes, insurance fees will most likely end in an expensive disaster that could haunt you for years and years.  I would never even consider such a nightmare nor would I trust anyone proposing such utter non sense. This type of fraud has been done before but not with this name. The only person this is a good investment for is the people convincing others to use their credit identities for this scam.