I'm a Nigerian and currently living in my country.

@ Kathy Argento Am a newbie also a nigerian but based in uae....Will like to ask are FHA laws and policies the same for all countries.....thank you

They live with Unicorns who crap rainbows in a corral that's owned by a dead Nigerian prince who put me in his will.

this is simply the real estate version of the Nigerian prince scams.. 

Other than getting suckered in with a Nigerian Prince (or variants) scam, is this a common occurrence or did I just lucky/unlucky?

@John Thedford  Nope  why do you think the Nigerian prince scam is so prevelant.

simple criminal intent and activity.. real estate is now the new Nigerian prince scam .... in everything from fake landlords to fake lenders.and facebook is horrid I would never ever in a thousand years do business on facebook ( in the real estate space) simply would not trust anyone who posted on facebook.. to me its bush league at best and at worst is full of criminals looking to scam people.

It's written by a Nigerian probably.  

I never did.But my dad showed me these mortgage fraud guys way back in the mid 70s  its been going on for decades.. now its just turned into the Nigerian prince schemes.. 

Account Closed  its just real estate finance version of the Nigerian scammers.. all off shore all scam artist as I stated above there simply is no such thing as 100% LTV  5% mortgage money in the US... lenders would go broke doing that.... unless its USDA or some govmit backed program.. which these clearly are not... but if you want to send them a few bucks for fun and see where it goes.. just chalk it up to a learning experience