Jeanette Fox, Senior director for Risk Investigations and Research at NACHA // jfox@ BIGGER POCKETS WONT LET ME POST EMIAL // direct line for banks to call 703561 BIGGER POCKETS WONT LET ME POST # .

If you are looking at a building that formerly housed one or the other, investigate why they moved on. 

You know or can investigate his situation.

Investigate rents and prices in the area you're considering.

I will be investigating this further with a SEC attorney and report back a definitive answer if I get one.Jean

You can also investigate the costs of collection to some extent as state law sets fees allowed to be charged and limits costs of sales.Banks holding collateral (or any holder under federal supervision) may be required to automatically write down the book value of collateral over time.

When owner left town he didn't leave any financial/tax records so I've had to do some leg work/investigating to ascertain financials.

The Agency’s investigations are complaint driven, so we rely heavily on the public, and our licensees to bring these individuals to our attention.

The lender and state can investigate mortgage fraud better than you if they want to go after this guy and he may be to small for them to worry about.

If you or your client feels that was not the case please reach out to me and I will investigate this personally and report back.Good luck to you and happy investing.