It is to make sure the HOMEOWNER is and never has been Fraudulent on and and all realestate transactions????

Are we just gambling with the EMD hoping we can find a cash end buyer (investor) and close on the property within a week or two??

This involves fraudulent conveyances, an area of law where specialized attorneys can render reasonable opinions.Having property ownership in the "correct" entity to limit both inside and outside liability is a crucial first step in protecting assets.

However, the room for inaccuracies is much greater in marking to market - unless the cost basis was fraudulent to begin with.

I agree with both Jason and BryanA that you don't see as many flippers here these days because many got wiped out on their gambles in the bubble burst.That said, I think it is harder to flip now tehn tehn because of only one factor: Any property you purchased back in 2004/2005 could be sold 3-6 months later for a profit of $50k to $100k without doing ANYTHIING to it.

Investing for appreciation within a 5-10 year time frame is speculation and under 5 years is gambling since nobody can predict with certainty the ebbs and flows of the short-term market.

If any claim is made that an amount is greater than what is actually owed, that would simply be fraudulent.

Your wife looked at the area and thought it was wood rot so had taken out and put new wood in it's place.The current purchasers are saying you did not disclose termite damage in the location.The buyers can accuse you of "fraudulent concealment" which is trying to cover up a known problem.If you simply took out wood rot and did not disclose that this was an area you thought was wood rot but were not sure then it could come back on you.If you are unsure you always disclose.This puts it back on the buyer to their "right of their own inquiry".If they fail to pay and do due diligence before a purchase then it's on them.If their termite report showed no damage in that area the termite inspector could say the seller covered it up with new wood.It's pretty easy to see if you have active termites versus wood rot so your wife claiming ignorance in my opinion in would not stand up in a court of law.I am not giving legal advice but it seems from the sellers stand point you could have handled this much better.If you were unsure about that area you could have had an acknowledgment signed before closing by you and the buyers.They then might have backed out of buying.If you made 20k profit and you have to settle for 1k you are still ahead of the game.You have to live and learn.No legal advice.

The problem is the note paper work (the "promissory note") and the deed of trust are fraudulent because there was no loan.

Also, the Commission sanctioned three otherindividuals and their companies—a Sedona couple whose phony mineral and energy explorationinvestment cheated investors out of over $2.2 million and a Chandler man whose fraudulent entertainmentinvestment scammed $525,000 from investors.