They say McLeod forged signatures, lied on loan applications and altered appraisal reports.Prosecutors said they believe McLeod is the first to be prosecuted for "prohibited activities" by a foreclosure consultant.

A very high percentage of Buy-Backs caused by the approval of a loan to a borrower who was either very marginal (at best) or who had lied on their original application about their income.The "insanity" of the market place outran itself, as it ws bound to do.

He certainly should know better and is therefore either ignorant or lying to you (neither is good).

This is a great thing as the math rarely lies.

I do have some advice for new real estate investors as I have been ill advised and lied to by my past realtor.

There are many wonderful people here who also started where you are and who are now out there investing part or full-time.Do you have any idea what area of real estate your interests lie?

I asked the proper questions, and i was lied to.

thank you both for your wise words, well anyway i guess i'm just so anxious to do my first deal. especially a deal like this were the homeowner is in distress and states to you how much equity is in the property (i know i'm a beginner, but i don't see how he'll benefit by lieing to me about the amount of equity in the property, because he already stated he doesn't want to sell the property, and i already stated to him i'm gonna view the property/mortgage paperwork)well anyway i must say i agree with you both, from first look it seems the best way to do this deal (thats if all the number are right) will be to purchase the house for the amount left on the mortgage, and give them moving cash and etc (this way i'll have alot of instant equity within the property, which i could either wholesale to another investor or put it on the market at a small discount and sell it retail because of the properties perfect condition, then i could even try a short sale to build up more equity to make the two above tactics more profitable for me)now the only tactic i can think of that would work, were they will get to stay in there house and will be profitable/beneficial to me as well is to then purchase the property real cheap (whats owed on it) and offer to lease option it back to them at a higher interest rate and at a higher property price, but i think this tactic will be risky with this individual because of his credit and the nature of work he's in (construction were some parts of the year your without work and tring to collect unemployment) so this is what i plan on doing, i first plan on putting together a list of questions i must get answers to at the tuesdays meeting i plan on having with them, then i plan on explaining the whole foreclosure process to them and the uphill battle they face (which i hope will change their position about not wanting to sell their house under any cumstances), then i plan on making a smooth exit and letting them know i'll be back in contact with them to let them know what i think their best solution is to solve their problem (this tactice is to buy time, so i can really cruch the numbers and speak with others to really figure out the best win-win for everyone, thats if their is a deal their)if anyone has any other suggestions please let me know

I it not illegal to discriminate against criminals; people who lie on their application; drug dealers; or people who have been evicted - at least not in Ohio.

Thanks , i will do that , it took me 2 weeks to get the place back to the way it was before she moved in , i don't think i have ever met anyone as lazy and stupid and i hope i never do again , she put a chair in the bathtub to shave her legs and cracked the brand new bathtub i put in just before she moved in , i have rented this house out 3 times previously and have never had a problem like this i guess i just got lucky until now , beware even if people check out on paper doesn't mean they aren't lazy and stupid , i wonder if her previous landlord lied to get rid of her ?