There are definitely people who think they can get rich through lawsuits and insurance fraud.

Yes, I did purchase a standard owners title insurance which after reviewing, says it covers the following: - A third party claims interest in title- Improperly executed document- Pre-policy forgery, fraud or duress- Defective recording of documents- Undisclosed restrictive covenants- A lien on your title- Unmarketable title

Florida law is pretty clear that entering into a contract to purchase knowing you do not have the ability to close is considered fraud.

Cap Rate is the value of the property determined by the market. you can have 2 identical buildings in 2 separate towns but if one houses c class tenants vs the other one which houses A class tenants, the C class building will generally sell for less because there usually is more tenant turnover and costs associated with it than a building with A class tenants, who tend to stay longer. you can be collecting the same rent, but usually you do not, but the turnover costs and usually more maintenance lowers your NOI in the c class building. you still have costs with the A class property but with less turnovers and maintenance, the income is more steady and reliable. so the higher the CAP RATE the more risk in the property ( C class) and you can not count on consistent numbers. the lower the CAP RATE the more steady and reliable the income will be (A class), so there is more value in owning a property like that.

That would be called mortgage fraud.

It also verifies identity.

Make sure you don't lease your unit out before the 1 year mark is up otherwise you'll be risking mortgage fraud which the consequences of aren't any fun.

He is a fraud.

"No established credit" is 100x easier to fix than "bad" credit, even if the scores come back identical. 

But if anyone reads this and assumes they can just not live at their new VA purchased home just cause, that’s loan fraud and certainly punishable.