If they would cash flow for you, then they should be cash flowing for the seller, since you're going to be in the identical debt position if you bought these.

Its called mortgage fraud.

"Bid rigging is a form of fraud in which a commercial contract is promised to one party even though for the sake of appearance several other parties also present a bid.

The parties can be prosectued and the client will lose all entitlements, it's fraud.

I am not sure what you mean by "sad part they have a website and every thing (sic)"...most frauds make a website because it is a very cheap way to try and gain credibility.

Hi Michael,In "real life" (opposed to my secret investor identity) I am a web developer and run Ally Web Solutions, LLC, on a daily basis.

I can't believe your agent even presented this to you as an option - he should be reporting this other agent to the FBI' s mortgage-fraud task force and your states board of real estate.Run forest, run!

There is just too much evidence in numerous charges against here, including an ongoing fraud investigation.

The way my attorneys explained it to me, if you conduct your business in a responsible manner and maintain your entity properly so there isn't any fraud or misrepresentation, then your attorney should be able to have the court dismiss the personal suit against you and force the plaintiff to sue your LLC by itself.

More to the point, any lender these days is going to require the buyer and seller to sign an affidavit indicating the transaction is "arms length," meaning the the buyer and seller have no relationship outside of the transaction.This clearly isn't the case, so signing the affidavits would likely be considered fraud.