It is so typical and your full of **** that your legal team did anything, I sent you the legal papers to show you I cant do the program, you see this is the work of a scammer, I sat for an hour and explained my situation regarding these false claims that I had nothing to do with, I explained this business was ran by another person named and I left this company 3 years prior to any lawsuit, the reason I was named is only because my name was still on the company 3 years after I left so they held me liable for things I was never apart of.

Well folks, in NJ THAT IS A FALSE STATEMENT - and now that I told a tenant just like that, I’m sorry this listing isn’t currently approved to accept the HUD vouchers - I have officially received a complaint from the Division of civil right saying that my statement was discriminatory and illegal based on the NJ Law against discrimination, as the HUD vouchers are to be considered lawful income….You live and you learn, now I have learned and will pay for it… if anyone (IN NJ) has went through the same thing, any insight on how to proceed would be greatly appreciated… it’s already been filed and I have a docket number and all… I will be contacting several lawyers come Monday morning… just want to post and educate others, you REALLY need to know YOUR STATE LAW because they vary widely from state to state.

Now, it certainly can still be unethical if the wholesaler spreads false information in the hopes of coercing a seller to sell the property, regardless of price.

There are agents that will say false info to get you to bid higher on the property that is where you put an escalation clause in the offer. 

Account Closed  Steve as for resi owner occ sales and new construction etc.. too me the last few years were just a false market.

To some degree, the term is more about marketing than analysis.Just my opinion, I understand others will feel differently.Many now believe cap rates are absurdly low and the market is way over-heated and best to do nothing at the moment (refuse to buy at a 4% cap, for example) and wait for the inevitable crash or bubble burst.Since I don’t pretend to know the future, these folks may well be proven correct.On the other hand, with negative interest rates in Europe today, who is to say a 4% cap isn’t the “new normal” for now and into the near future?

Combine that with the inexperience of their agents, and I can slip in absurd things into the offer like extremely long inspection periods like 14 to 21 days long, then wait til the last day to negotiate an absurd seller subsidy or reduction in price when they have little choice but to give in because now its a week before closing.  

I think you start with a false assumption: that you're stuck with the debt.

Much like the other guy with no profile picture, you are making a lot of assumptions and saying several things in your post which are false.

If, for example, you are convicted of mortgage fraud after you make false statements when applying for a mortgage, you may have to pay restitution to the lender in addition to your fines.