First, a verbal offer for the sale of real estate is Not binding or enforceable (statute of frauds in most states) unlike some other verbal contracts.You have no leg to stand on with your current potential buyer.  

@Tris Wils is this the crazy house in the Damascus area where the dad and son were convicted of fraud.

Sounds like wire fraud. 

If you are trying to buy an investment property as a primary residence, then you are committing mortgage fraud, which could lead to calling your note due, fines, or even jail in extreme cases.Converting to a Conventional loan would require a max 75% LTV (loan to value) as an investment property, so if you are buying with a VA loan with 0 down, then somehow you need to magically create 25% equity within the first year.That's why you need to live there for a year. 

It's perjury and possible fraud if you use the loan to flip a property, so be careful in the future.As you found out, there are lots of programs in Baltimore to buy houses, but again, my understanding is that these are for homeowners so I hope you didn't sign documents to that effect.These loans used to be available for investors, but that stopped sometime around the year 2000.

Read your contract carefully (both of mine were identical, just names switched out) because there are important deadlines.Good luck

You don’t want to get caught with fraud.

I'm not sure it if would qualify as legal fraud or not.

Hello, So I purchased a commercial property about 8 months ago. All went well until we started to discover things that were not disclosed. to make a long story short, the seller and broker both knew (have proof) of co...

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