Therefore, excluded from the AML Program is any Federal or state agency or authority administering mortgage or housing assistance, fraud prevention or foreclosure prevention program, though manufactured housing entities participating in such programs must comply with the rule to the extent that any transactions could reasonably be considered to be extending a primary residence loan or offering or negotiating the terms of a primary residence loan.Technical Explanation of Anti Money Laundering Requirements Interestingly, the AML Program does apply to foreclosure prevention actions and counseling services performed by legitimate, non-profit organizations, to the extent any such organizations may reasonably be deemed to be extending a residential mortgage loan (including a short-term mortgage loan), or offering or negotiating the terms of a residential mortgage loan.

In my extensive searching I have run into several "wholesalers".I find the concept interesting, and have learned that there are legitimate, and the not so legitimate.

How quickly can the entity be considered for legitimately engaging the credit markets? 

Any business no matter how structured can write off almost any legitimate expense.

That seems really, really suspicious and I can't think of any legitimate reason to not provide an MLS sheet to a buyer. 

It's a legitimate and legal financial contract.

Others also offer free Proof of Funds (POFs) in order to help the wholesalers get their foot in the door.A legitimate transaction from transactional funding companies' point of view requires that you have a cash or hard-money C buyer in place and under contract.  

The bank was a small town operation and we had no legitimate experience as rental operators so they were nervous. 

Your assembled portfolio will be heavily financed enabling you to buy more properties.6. 

THE ATTACHED FILE IS A COPY OF YOUR LOAN TERM AND REPAYMENT SCHEDULE AND YOU ARE REQUIRED TO GO THROUGH IT AND GET BACK TO ME WITH A CLEAR SCANNED COPY OF ANY OF YOUR VALID IDENTITY CARD AND A CORRECTLY FILLED OUT BANKING DETAILS TO ENABLE US PROCEED ON YOUR LOAN FUNDS TRANSFER.I AWAIT YOUR RESPONSE TO THIS EMAIL;REGARDS,MARTIN GRIMES.