Favorite post of the day, real estate fraud in Florida.

Also there will be certain requirements for residency on those and if you know going in you aren't going to fulfill that stuff you will be committing mortgage fraud.

#5 is true but, the problem is unless there is some kind of collusion or fraud involved you will almost never find a situation where the 1st lien is current but a junior lien is in default.

This is one of 3 identical adjacent duplexes, all built late 1940s, all situated handsomely on top of a hill across from a popular city park.

If they weren't accredited it certainly sounds like the fault of Accredify or the fault of the investor for lying in the first place.But I can see your perspective, and many portals fear fraud.

@Christopher Schmidt, your scenario and mine are identical; whereas A and B are parents and obviously I am the C in this equation.

There are several ways to see if that lien is still valid and if it turns out it is not and you close on or attempt to close such a transaction, (it will be known at settlement) you'll likely be looking at fraud charges or attempting to scam the seller/owner.

If I were to find a quad with one empty unit, finance it with an FHA loan and keep at least one unit at a time as my residence on the weekends (probably just to do work on the place), would I be committing mortgage fraud?

If you are going to the Parade on Friday, be safe. know there will be a ton of pick pockets so caution is the key word.As to networking, there are a ton of Chicago types on here, and you should hit up a few of the local REI Clubs.Here is a link for come clubs: http://www.biggerpockets.com/real-estate-clubs/illinois.htmlEach club has its own unique identity and "vibe" so hit a few and figure out which if not all that work for you.

It has an odor of fraud to it.