It’s the classic does the chicken or the egg come first.

In my case I was fed up with lies and incompetence, and switched to another local Pro mgr company. but I am being hit with EXCESIVE cancelation fees. 

Chicken and the egg.A non-refundable earnest money deposit, or option purchase, might help you get it under contract.

Oh, these chickens are coming home to roost. 

For the sake of your reputation and ours, I wouldn't lie to get a lower rate. 

The seduction lied in the fact he is, arguably, a liked and respected member in the Note industry.

LIES.

Rookie wholesalers wind up lying about the assignment contract and pretend that they are buying.

I am all about using the tax code to your advantage but flat-out LYING about being a professional is unethical, immoral, and WRONG!

They don't seem to have any integrity challenges exaggerating and even lying to gouge their clients.You should review your PMA to make sure it clearly spells out what they CAN and CANNOT do.