This can lead to "renegotiation" demands at the closing:(Other Potential Issues to Consider:Being in the chain of title is also exposure to potential legal issues.Selling an assignment may be a violation of a state's real estate statutes.Wholesaling w/o a real estate broker's license may violate your state's statutes.I'm sure there are more...

Hi @Dametric ShawThey were not able to do anything they said on the pre approval and took the 10k knowing they wouldn't be able to close the loan.

Clear communication and legal safeguards are essential for a successful partnership.

Hey BPer'sI am trying to understand the legal aspect of security deposits as it pertains to a trust account in North Carolina. 

Quote from @Bruce Woodruff: Quote from @Stetson Oates: I’m not an attorney so this is not legal advice!!!!

If they do it increases your odds of getting approved.

Answers: (1) The US legal system, that's why.     

We did not know that the plumbing inspection and city approval did not include the sewer.  

Also, the banks that did approve me told me that they could only use the rental income from the other units (75% of it) for an FHA loan, not a conventional with 5% down (which was my goal to avoid upfront PMI and have it automatically drop off at 78% LTV).

I'm wondering, is this not a major problem for landlords if no further applicants are getting approved for vouchers?