It happens more frequently than you might imagine, I've handled dozens of title insurance claims based on forged deeds, mortgages and satisfactions of mortgages. 

I learned that police are often targeted of their neighbors and they are forced to move frequently.

This coming fall I will be renting from one of the landlords that frequently shops at the store I work at.

When I was underwriting that was always the first question I asked but I can't recall ever seeing a written underwriting requirement to ask.Unfortunately in the claim I described the Grantor claimed she didn't have any of the money left so as it frequently does, it became a matter risk reward, good money after bad type analysis and the company ate the loss. 

@Solomon Yasin I'm frequently on the lookout for small to mid-sized multi-family units (Southeast Michigan for now) to get into with colleagues or larger MFH projects in an LP position (US-wide).

His son and daughter in law were frequently there "helping " him . ( they were the black sheep of the family , drugs , jail etc ) .  

Qualification is not as easy and there are frequently strings attached.  

As for the $20k rehab costs, even if you do just need touch-ups, there are frequently other things that might pop up or simply were not considered. 

@Andy Crawford looking past the mechanics for a second - this is one of the most frequently asked questions on BP because there are several options, ranging from straightforward to more complex.

With the climate changing and becoming more unpredictable many places are receiving 100 year storms much more frequently.