The value properties in commercial like this are a few million to start instead of the 30k houses.If national median income is about 54,000 and I can find an area with income over 80,000, low unemployment, high population growth, low crime with most offenses being non-violent in nature, and a strong county or city base with a strong economic planning department then my odds are good.

False statements on a loan app is a federal offense, so they could probably send a lot of people to jail if they take all those cases to court.

However, I would take some caution with regards to the global central banking policies of zero or near zero interest rates + global quantitative easing fueling bubbles in different asset classes including equities, bond markets, and some real estate markets.

Also, he had just admitted to multiple counts of felony fraud.Lying on a mortgage application (including those for home equity products, which are second mortgages) is generally a federal offense and is usually investigated by the FBI, sometimes assisted by state law enforcement.