If an investor tried to get more than one 203(k) loan and declared that he was going to live in each property covered by a 203(k) loan, he would be committing loan fraud; specifically, occupancy fraud.The 203(k) program is currently closed to investors, but can be used for owner occupants purchasing ONE property consisting of up to four units, also known as a four-plex.An investor, if he doesn't already own a home, can declare that he's going to occupy the property but multi-unit properties are very susceptible to post-closing audits to make sure the mortgagor (borrower) really lives there.

People that are stable enough to commit to two years will be way less trouble than those who won't.all cash

And would you also suggest to advise the loan holder that what he is about to commit to is going to breach his contract with the lender and be forced to pay the full loan to the lender no earlier than 30 days and could potentially be sued by the lender if he cannot commit to the payment?

Then you will have to decide to be committed to them or it will cost you if you stray.

`(d) Insurance of Mortgages- The Secretary is authorized upon application of a mortgagee to make commitments to insure or to insure any eligible mortgage that has been refinanced in a manner meeting the requirements under subsection (e).

Greeting to my new community.I'm committed to making this happen and I have my work cut out for me.

Don’t make them a firm commitment but ask them things like “If I could offer you x, do you think we might have a deal”.10.

All they ask to fund the 1st half of the transaction is to see the Ender Buyer Commitment letter to purchase this building from you.

My friend used quick funding and they are a sham. they took his money and strung him along even after giving a commitment.

However I've seen lenders commit what is either extreme clerical errors or blatant fraud, so not transferring title doesn't really surprise me.