You are not required to get it but rather you are gambling that you won't need it.

My area has seen a slight boost from casino gambling and the future of nanotechnology. 

I don't use fraudulent clauses or weasel clauses or acts of omission. 

I've heard many veteran investors now discounting them even further now to hedge for any possible changes that may come from city hall to elevate the houses X ft.With some of these houses, it's too much of a gamble to invest into them when you don't know what type of regulations the city will lay down in the near future.Unless you're buying at a deep discount, it's a bit too risky.

I have a thread that states, and I reiterate here:Realtor incompetent, seller fraudulent, tenant loser, new owner screwed!

Everything is a gamble.

Why gamble with your money?

Here is why:1) every month I'm paying down my debt using my cash flow and can pay extra towards my debt and still make more money vs waiting for future appreciation2) rents in my area have gone up for 80 years now3) my rental income is subsidized by HUD so your tenants over time will not pay consistently when they lose their Job, get disgruntled, have a bad day lol4) the rental income I get is 2x more per dollar invested therefore I more than compensate for higher appreciation but I have advantage of 1 to 3 aboveSummary my IRR is guaranteed you are gambling on both your tenant and local market.

He has fraudulent income reported on his tax transcript.

Would this be considered fraudulent activity if sells without me and does not pay my half or do I have any legal recourse before he can sell the house so both of our names on the title?