Nice post there was a thread on Do hard money actually been many of them. they will actually fund 100% but you need to pay them a 3k fee or there about up front with no guarantee of funding then its something like 650 per submission according to those who have tried it and posted on BP .. so many of the folks posting on the thread about the company paid the up front money 2 to 3k the 650 submission fees a few times and the deals were never good enough in the eyes of the funding company.. so there you go out 3 to 4k and time and effort.. some on top of it some  were naïve enough to put down non refundable EM with a wholesaler and lost that as well.its quite a model... little to no down side risk and prey on newbies who are the most vulnerable and want to get into the game and I suspect most of them even pull the 2 to 3k fee off of credit cards.So what do you have1. newbie  ( does not really know what a deal is yet2. limited capital but burning desire so they risk the 2 to 3k3. only a screaming deal gets funded as you stated.. newbies generally don't fall off the truck into screaming deals.then you have on the internet  what I call pump and dump due diligence scammers  these are flat out crooks of the Nigerian prince scam mode.. promise you 3% loan 100%  two e mails and your approved.. broken English just need 500.00 to move forward...

It's a cesspool of misinformation, filled with Nigerian benefactors who owe want to give you millions of dollars, and magic pills from China that will enhance your genitalia.  

Christopher are typically Nigerian scammers... 2 good ways to weed out the chaff...

this happened to me as well and i posed as an applicant to see how the scam worked....it was a nigerian prince type scam, claiming they had to go overseas for work and were renting the house.  

This guy e-mailed me who is a Nigerian Prince, if you wire him $5k he will send $20k...Would you wire this guy $5k?

It reminds me a little of those Nigerian Prince email scams.

It seems to me that the Nigerian prince email scams are trending over to hard money now.   

its felony theft.but OH so easy to do.. and we you and I knowing more than most should probably not even talk about it on BP lest we give the Nigerian scammers more fodder

They always got paid as part of the closing.I'd ask if you can have the payment processed by the title company at purchase.Greg these are pump and dump scammers no different than the Nigerian prince thefts or the scammers out of the Ukrane or Jamaca they are all crooks . 

So no Kalashnikovs in the basement, no seed stocks, no Nigerian dwarf goats for milk sustenance production on a hidden homestead, no group bunker membership, no sperm on ice for future cloning.