Zip=60517https://www.rentometer.com/results/ItYPkrLTo3Yhttps://www.zillow.com/homes/Woodridge-IL_rb/Similar Home for renthttps://www.zillow.com/homedetails/2-Wintergreen-Ct-Woodridge-IL-60517/4543794_zpid/ (this home is almost identical to the one on offer)I'm pretty familiar with the area because I grew up near there.

@Chun Ju ChenI agree with everyone that part of title insurance coverage is for fraud.

I would be cautious about your plan for 'long term' AirBNB' with family as that sounds dangerously close to mortgage fraud which would not be good for your future real estate needs. 

And, John Anderson we do have proof of the bank fraud, which is why we have hired a Certified Forensic Appraiser, and we are looking for an attorney to take this case.

What you are suggesting is borderline mortgage fraud.

My theory is almost identical to yours; 25% + returns, even if vacant for 3+ months per year are still much more profitable than an 8-10% return in a b class neighborhood that's tenanted all year.

He knows the ins and outs of the law, having served time for fraud on a level that made he and Bernie Madoff prison pen pals.

The rest will have to be torn down.I'm looking to build an identical building addition with a entry way in the middle to make these into apartments due to the lot size.

If you sign the document and have no intention of living in the building, you will be guilt of mortgage fraud.

For my home it is currently 100% accurate because I live in a townhome with 50+ identical units around me that sell 1-3 a month.