They are using my company's information to do fraudulent business.

While there is no one directly pointing a finger at you or shining a spotlight at you when you purchase these homes, if someone complains that you are fraudulent, took advantage of them, and lets the state know of what you are doing then you will be found out and given a cease-and-desist letter and potentially fined or more. 

She may not but it is not in your best interest to gamble once a red flag has gone up.

It's an economy that's dependent on tourism and gambling.

That can work I have seen it done but now you are talking about gambling.  

While appreciation in pricey markets is nice, it's also gambling.

@Michael Chilcott it's definitely better to get in at a fixed rate if possible, but it just depends on if you want to take the gamble and how sure you are of the value that may come back.  

His lawyer drew up a fraudulent document??????????????????????????????????????

I think that people are just gambling that the Lender just won't bother.Now, let's say you locked in a 30 year fix rate mortgage at 4%.Why would you take a chance of having to refi that beautiful Mortgage if the Lender calls the Loan?

@Wayne Brooks simple advice, seems like a pretty bad gamble given the bottom line!