The R.E. agents, the fraudulent buyer and HUD should be held accountable for this type of taxpayer theft.

Im a disabled veteren (combat injuries) who recently relocated to the Battle Creek area.

There is a flip side to seller financing restrictions and that is the possibility of more influence and funding by institutional/corporate broker/lenders in a billion dollar industry.Most of our financial laws appear to be a stab at consumer protection but they are often designed to limit the entry to the financial services industry by small operators, originators and brokers Pulling in the reighns has been a knee jerk reaction to fraudulent and deceptive practices by many small real estate operators and investors.

If the trustee believes there was a fraudulent transfer, they can order the sale be unraveled to reclaim the asset back to the bankruptcy "estate" so it could be sold to satisfy other creditors.

I don't know what the penalty is, but if you plan to do this with fraudulent intent, I hope you find out.Don't buy as an OO unless you plan to occupy for at least a year.

Here is the definition of fraud from Wikipedia, "fraud is an intentional deception made for personal gain or to damage another individual; the related adjective is fraudulent.

Hello everyone,My magazine, WorkingRE has done a great interview with Kyle Lagow - the man who blew the whistle on Countrywide that they were involved in Fraudulent appraisals.

I'm petrified of the little creatures," Marinaccio, 65, said in Monday's Buffalo News.The lower court jury returned a verdict of $1.3 million against the town and $328,400 against Kieffer for compensatory damages, as well as $250,000 in punitive damages against Kieffer.In reversing the punitive damages, the Court of Appeals said they are awarded only when there is evidence "of spite or malice, or a fraudulent or evil motive on the part of the defendant, or such a conscious and deliberate disregard of the interests of others that the conduct may be called willful or wanton."

If they declared it fell under any financing contingency to get the EM back, I'd say they dealt fraudulently, in attempting to obtain the financing and keep the EMD!

(IMHO) If protection from a lawsuit is your sole reason for transferring your property to an LLC, then you are in violation of the Uniform Fraudulent Transfers Act.Consult your attorney for specific guidance.I generally agree that an LLC is not necessary for rental property that you manage properly and insure adequately.