What they are doing has a name:  Theft.  

So, you either had to come up with $21K or $49K.Either way, there's a new loan product out there that will enable you to do an identical project for as little as 10% down on the acquisition and 100% finance the reno costs. 

Here's a cut and past from your original post:  "1 - Tenants should also have saved 'reserves' in place - so if they are already missing their rent payment come April just a few weeks into this, they are selectively deciding not to pay for their shelter in hopes of rent forgiveness - which is no different than shoplifting or any other use of a service with the knowing intention not to pay - no one to blame but one person"You called them thieves -- shoplifting is theft.

If the broker created an LLC to mask his identity, that should have exposed it so if it didn't, maybe someone inside is in on it?

The state is guilty of that which it was commissioned to prevent - theft.

.· Borrower MUST have either the copy of his/her driver’s license, work identity card, national identity card or international passport for the confirmation of his/her legitimacy and for the processing of his/her loan.· Borrower MUST provide bank statement of account or last pay stub to assure us of his/her capability of paying back the loan completely and on time.3.

Tax's also can be sky high  and depending on where your at theft etc off the charts. 

Problems are extremely rare because they have systems in place for verifying the individuals identity first.

We're basically doing a different signup system that lets people have 1 identity and many accounts. 

If they paid their rent via a cc and then did a charge back, that would be grounds for an immediate initiation of eviction. ie, fraud/theft.