Wife: Vacation home is also in Gatlinburg TN and only she is on the loan.Is this mortgage fraud?

@Nick Weisend I’m in the same exact situation with almost everything identical.

(if they got title insurance)the seller filled out a statement of identity.  

@Jason Drager I'm local to DSM and there are a few attorneys here that will set up a series LLC to protect your assets, I've also even seen folks get very creative in hiding the LLC within a land trust.I'm no attorney but protecting my assets and identity for ownership is very important to me also and my experience is that it is really easy to get VERY complicated system at the very beginning, but the further I get into this I realized the set up on the front end is much less important and finding a deal and analyzing deals and networking is 100% more important, just from past experience!

You can always report him to your states attorney general online for fraud if things get worse. 

Of course if the operator is not behaving ethically with your money then that's a big risk as well.As far as making an investment, it's always important to be on the lookout for wire fraud.

My agent who brings me REO listings just told me her lawyer said banks can sue me for fraud if I wholesale an REO through a landtrust.

 If you have a "business relationship" with the seller of the property (your LLC), it would be considered a non arms length transaction, or identity of interest in FHA terms, and you'd be limited to 85% LTV.  

Fannie will do 15% down on an owner occupied duplex, but in your situation (where you publicly posted on on the internet that you have zero intentions of moving in) that would be flagrant mortgage fraud and a bad idea.So the two possibilities are...Your lender is using a portfolio product and will be holding the paper.

Otherwise, you are about to get your identity stolen!!!