If the broker created an LLC to mask his identity, that should have exposed it so if it didn't, maybe someone inside is in on it?

You need to be very diligent with this as there is still fraud out there.I hope everyone finds some value in this.

It's those maniacs that buy homes cash via quit claim deed off of craigslist that really get screwed.Make sure your property manager is a licensed real estate brokerage.Google Clayton Morris fraud and/or Morris Invest fraud for a cautionary tale of what not to do when buying turnkey real estateUnderstand you can not eliminate all risk, only mitigate it.

.· Borrower MUST have either the copy of his/her driver’s license, work identity card, national identity card or international passport for the confirmation of his/her legitimacy and for the processing of his/her loan.· Borrower MUST provide bank statement of account or last pay stub to assure us of his/her capability of paying back the loan completely and on time.3.

Obviously I do not want it to be mortgage fraud (because I sincerely want to move homes at least annually while improving it).I know you need to move into a home within 60 days after closing... is the minimum for moving out a year and a day?

Problems are extremely rare because they have systems in place for verifying the individuals identity first.

If you say you're moving in and don't, that's mortgage fraud.

Obviously I do not want it to be mortgage fraud (because I sincerely want to move homes at least annually while improving them).I know you need to move into a home within 60 days after closing... is the minimum for moving out a year and a day?

You would be committing mortgage fraud if you purchased with a FHA loan and then turned around and rented it out the next day.

Instead of being made to pay fines as putting fraud into the court knowing it's fraud is supposed to be a $500,000 penalty I was made to be a deplorable.