Some borrowers I know have their lender ditch them at the last minute, and although it's not a scam, it can cause you to have to scramble to find another lender or lose the deal. 

Do you really think Uncle Scam is a dummy?

If the seller can find the buyer and both agree on the price and neither side is scamming the other and the title isn't encumbered by nasty mechanics liens and the mortgage company isn't being a pain in the you know what on the buyer's side and there are no zoning issues and there's no radon gas and the seller hasn't been cooking meth in the basement and there is no mold and there aren't any non-permitted modifications to the house that can come around and bite the buyer, and both know how to draw up, read, and understand the contract, no need for an agent at all.

How do you know that it isn't a scam? 

They took our application fee and then did NOTHING.Stay away from them they are scam artists.

@Christian HutchinsonAgreed with you 100% that it's important to AVOID dishonest groups that try to brand warzone/c class properties as b class and scam out-of-state investors!

It's more around understanding what possible scams this guy is up to.

A few threads recently regarding lending scams you can easily search for.See ya around the site!

But, I do not want to fall into a scam trap.Thoughts???

I am looking at levering my self directed IRA with this, but if there is an up front fee that doesn't tie to something tangible its a scam.