at the least they are trying to scam the insurance company to keeping their rate low?

However, just because they are allowed doesn't mean you should.You really need to have these contracts serviced by a loan servicer, lots of ways for a seller to scam a buyer in a CFD, like throwing a payment check in the trash, you don't know it didn't clear until your next statement is received along with the demand to pay in full from the seller.

These groups seems like a big scam.

There are many horror stories you can find on scams.

One other caution is be careful of scams.

These guys completely scammed me and many others.

Reputable there are a ton of them, does not mean they are making money but they are not scam artists who are running Ponzi schemes.Also are you accredited, how much money you looking to invest l, what type of investment, syndication or fund, how long you want your money tied up for, do you want something conservative or roll the dice risk it all?

FYI know any inquiries asking if "dates are still available" are probably scams. 

It's all a scam . . . 

This is a sign of a possible scam.2) Look for a property and get it under contract.3) Send the executed contract to your HML.