Keep in mind the context here from the DNS end of things, they have no idea who you are, you're from out of town and they've seen so many slumlords over the years and I'm sure many of them lied and said they were going to be the best thing for the block and the city and they were lying through their teeth about that to the DNS, so they have a right to be suspicious of anyone new who comes along. 

Over the weekend I was encouraged to send more money and I became suspicious.

Be highly suspicious of anyone that wants to sell you their magic formula for making money.

It looks very suspicious and brings up a question of why in the world would you post this thread if you are pending litigation in the matter? 

Things like this get reported out of proportion to what really happens and all it does is make us timid and fearful and suspicious of every shadow around the corner.

Introduce yourself and let them know that you were approached by someone trying to sell their house and you're interested in buying but you're suspicious that something isn't right about the situation.

You're short on the details, but I'd be very suspicious of anyone offering you 100%, especially since your profile here indicates you have no real estate experience beyond being a homeowner.

@Jean-marc CabrolI am a retired tax attorney and I like to invest in real estate funds but I was suspicious of Equity Build offer and structure I invested in another company that paid 8% fixed with no fees - the principal and manager teaches real estate and has done deals from high end San Francisco to mixed use in Puerto Rico to small turnkey homes in Midwest etc His diversification by market and by type of property is what attracted me My money has been cross collateralized against all the fund’s assets You can private message me I can tell you about that company because they have been up and running for 10 years or just look for a similar company where youvtruly get to meet and know the owner

I am suspicious of the construction number too.

@Terone JohnsonTypically non-recourse lenders will not lend more than 70% LTV to an IRA, in this case the LTV is super high, which is sounds suspicious to me.