Some people just won't learn,,, be careful with whom you lie in bed with, you may get fleas.Three Ohio Residents Plead Guilty To Mortgage Fraud one was a RealtorHereSt Louis Man Pleads Guilty to Mortgage FraudHereTexas Woman = 99 year sentence for Mortgage Fraudhttp://mortgage.freedomblogging.com/2009/05/15/99-years-for-mortgage-fraud/10695/Georgia Contractor Inditedhttp://www.mortgagefraudblog.com/index.php/weblog/permalink/marietta_contractor_charged_with_defrauding_leasing_company_and_mortgage_frFour Arrested In Tennesseehttp://www.mortgagefraudblog.com/index.php/weblog/permalink/four_suspects_arrested_for_involvement_in_multi_million_dollar_mortgage_fra/

The other big problem is that we turn from product producing nation to finance products producing nation and real estate turn overs (Guilty as charge...

What they ALL fail to mention or specify is that not ALL short sale transactions are fraudulent, not all investors are crooks and of those that are, they are a small minority in which the guilty party failed to properly disclose and had full intent at the start.If you as an investor negotiate to buy a property for under market value and disclose to the short sale lender your intent to immediately re-sell for a profit, then no fraud occured and no laws were broken.

I have been guilty of overdoing it for a particular neighborhood.

Don't feel guilty about stopping this situation now just because he's your friend.

I have been guilty of trying to revive old threads.

I charged a pet fee (not a deposit)to let them have the dog in the house and it wasn't for the purpose of damages, only to allow the dog which the funny part as I advertised "no pets" but they begged and pleaded to allow me to let them bring their dog and I caved in.

It is quite possible that paying150K would be paying to much for the property as it is.I see no reason to feel guilty about paying a fair price for what exists.

All of this would have to be disclosed to the lender otherwise you may be guilty of fraud by omission.

I have been guilty of this myself in analyzing my own investment options.