I could probably slick any bank out of a large chunk of change if I were a criminal type, of course I would not, but there are many who, if armed with greater knowledge would attempt to tweek an application or verifications or collateral to get past some issue they may have......too bad, but there are.There are audit aspects that I do not and won't discuss, there is no need to know by investors, borrowers or private lenders.

ON top of the obvious. there is the social criminal aspect and all the money we spend trying to protect the citizens of these areas..

Now they do look at countries with no tax returns, money laundering, and criminal activity as red flags and they avoid those.So you have some options.

Issues of fraud and deceptive trade practices certainly apply to commercial transactions, crossing lines can lead to other criminal charges, wire fraud is a popular charge applied as funds are usually transferred, if the mail was used in connection with the activity, mail fraud charges may be brought.When people don't have business experience or really understand underlying financial matters and try to be creative because, for one reason or another they can't perform under usual and customary practices they expose themselves greatly to scrutiny, it only takes a complaint to the right person to uncover mistakes.

He told me how he had 30 properties and that's way more I'll ever own because "I'm a low life criminal looking for houses to steal."

More a letter of intent then anything else.If you do agree a contract and you are not clearly spelling out your position you are committing fraud and that is a criminal offense.Best not to get to fancy.

Wildflower,I didn't see anything about checking their criminal history.

It's criminal what these scam lords have done in some of these neighborhoods.

I got his name from her and checked his criminal background.

Good tenants come from properly screening applicants by checking their credit, criminal and eviction history.Please, please listen to some of the real estate vets on this forum like Mike and All Cash.