Where was the family when this allegedly went down with the investor?

Which is why you are supposed to keep documentation of people you accept and reject to combat fair housing violation allegations. 

The survival of one of the nation's largest non-bank mortgage servicing companies was thrown into question Thursday as the company was hit with federal and state lawsuits for allegedly failing borrowers with mistakes, shortcuts and other problems that cost some people their homes.Ocwen Financial Corporation allegedly botched basic functions such as sending accurate monthly mortgage statements, properly crediting borrowers' payments and handling taxes and insurance, according to a lawsuit filed in a Florida federal court by the Consumer Financial Protection Bureau.The CFPB also accused the company, based in West Palm Beach of improperly foreclosing on struggling borrowers, ignoring complaints and selling servicing rights to mortgage loans without fully disclosing mistakes the company and its subsidiaries made in borrowers' records.Read full article here...

Here's an article about a case I read about regarding Section 8 not having to be accepted:http://realtytimes.com/todaysheadlines1/item/2224-...Specifically, here are the most pertinent paragraphs relating to Section 8 not being income:The allegation that the Fair Employment and Housing Act was violated centered on the prohibition against housing discrimination on the basis of "race, color, religion, sex, sexual orientation, marital status, national origin, ancestry, familial status, source of income, or disability of that person."

Can't imagine how he can explain this away.Instead of having your wife call the alleged owner pretending to be a renter, have someone call from another city so caller ID doesn't throw anything off.

I am looking at some listings for tax deed sales. here is what i see in one of them:"Judgement Date09/17/2009Order Issue Date10/29/2009 Case StyleCOUNTY, ET AL VS NAME, ET ALLegal Desc.LT 7 BLK 3 LIBERTY ROAD MANOR SEC 20 U/RPhysical AddressADDRESSAdjudged Value$6,936 Estimated Minimum Bid$6,936.00"What does the adjudged value mean?

And if the same ninja investors were to post there, I'm sure they would get a much better taste of reality.As an example, I recently saw a post where a new BP member without much of a profile or picture who allegedly wholesales 13 million to 1 billion commercial properties wanting to know how to find investors.  

I don't have all the facts, but on the surface the response I have is not against 'wholesalers' but against an allegedly callous city inspection department.

@Jon S It also matters quite a bit that he shorted UDF due to the allegations and investigations of FRAUD against this particular company.  

You’ll punch holes in their alleged income and expenses later but for now just use what they give you.Then you’ll simply take the NOI and divide it by the asking price to determine the cap rate (the financial return of the property if you paid all cash).For example, if the NOI is $35,935 and the asking price is $650,000 then the cap rate is 5.5%.