Originally posted by Gregory Rankel:I have just started looking into the why behind this deed restriction...The "why" you would get if you asked the banks is that they are trying to discourage unethical investors who are looking for a quick buck from buying, doing low-quality renovations and quickly reselling to unsuspecting owner occupants.

One other thing, The biggest problem was not the scams that were goign on, that has always happened, it was the Zero interest loans that created a lower payment and created the idea they could afford more house, When in actuality they could not.

I've never been involved with any scams so for you to attack me like that is a bit amatueur.

Selling the two properties to your business won't help unless you refinance them in the business' name.A scam that's been occurring recently is that a homeowner goes to buy a new house, claiming the one they live in now is going to be rented.

I was also scammed by my spelling teachers..

It talks about avoiding the scams and investing successfully.http://www.amazon.com/Pay-Dirt-Darren-K-Proulx/dp/0977780120/ref=pd_bbs_sr_2?

Can you imagine this, especially if the houses are foreclosed and unsuspecting people think they will get a good deal.

OMG.We're not trying to scam anyone out of cash.

How do I know that fellow asking for money for that great deal is not a con, scam artist, fly-by night, or other type of thief?

Its an embarrassment to the industry and they should be run out or fined for attempting to knowingly sell unsafe properties to unsuspecting consumers.Property inspectors are not always the best group either, but in this instance they discovered some real problems it sounds like...that's what they are paid to do...It's always best to do things right...it's your reputation on the line.