Doing so under those circumstances carried criminal penalties.Another aspect of filing a bogus mortgage is imputed interest rates for the holder if they are too low or interest income and if not recognized becomes a tax evaision issue.Lastly, if you use a deed of trust, with a grantor, grantee and trustee where the provisions of the trust and obligation are made between related parties or the same entity, it may be easily established that the filing was done for some other purpose other than that recited in those instruments and found to be a sham transaction.

Ralph,I'm with you on this one.In PA there is a "Writ of Execution" that is obtained to proceed to the sheriff sale, so it sure sounds like one of those to me.Some of the other types of repo I am aware of:Tax deed sale (the owner did not pay taxes for some reason)Confiscations by law enforcement (that would make former owner a participant in criminal activity - I say no need to deal with those types of people)Words I once heard: "When a homeowner is losing their property, one of two things has to change: their financial condition has to change for the better, or they have to change their address."

Take picture ID to the interview.I see what the houses look like where the landlords acept people with bad credit and criminal records.

No offense, but why in the world would you have considered offering full value less rehab for this?

Having just got burnt on this unit by not doing a criminal check, I told the guy, right before he tried to hand me cash for the depsoit, that I needed to check his references.

This is a civil matter and not criminal.

What small contractor can afford a $30k fine per offense?

It is very hard to establish at tribunal that the damage was done intentionally with malice and not just out of stupidity: case example; tenant brought motorbike into living room to change oil and severly damaged/stained carpet - judge ruled tenant had not set out intentionally to cause damage to the carpet -so this was not covered on the other hand, different tenant caused offensive graffitti to internal walls -this was ruled to have been done intentionally with malice -so covered However, this policy comes into its own mainly for rent default, of varrying amounts depending on the circumstances but in some cases upto 12weeks if the tenant does a runner.

It was an intentional 'we are getting even' move because I fired them.I am also considering filing a complaint with the Texas Department of Criminal Justice.

Many criminals have cars...