Yes, our borrower committed fraud. 

If so then the chance of them defaulting on your seller finance terms is high and you’ll still be affected by the same problems with the property that exist now, you’ll just have much less control over it so your risk “being the bank” on this property is going to be high. 

As others stated, if the existing structure is legal but non-confirming that should not be an issue.

Founded by Chris Naugle, the visionary behind Private Money Club, The Success Team focuses on helping committed individuals like you achieve lasting success.

They do exist.

Saika  While a permit is a hassle, what happens if there was a fire, it burned down, someone got killed and the fire department was not even aware the unpermitted structure existed.

You can do this with a simple, one-page addendum, or even a written statement added to the existing lease and signed by you and the tenant.Example:This lease agreement is hereby amended to reflect the change in ownership of the rental property located at 123 Straight Street, Cody, WY 82414.

These borrowers typically have full databases of lender contacts whom they have existing relationships with, so they know who to contact and how to contact them.

If there are any crimes being committed, the person committing them should be me (that's a joke).

Are you taking this subject to existing mortgage?