Many entities are involved in recording fraud against many. 

Is anyone concerned that this system could be hacked and identity be stolen?

How is dealing with an unlicensed FRAUD AND SCAMMER better than dealing with an agent?

I did some research on these buyers and discovered the individual who had contacted me on their behalf was actually facing a civil suit in Federal Court for Fraud and Racketeering in the manipulation of online auctions.

That could be considered mortgage fraud. 

Account Closed  - Thanks, I admit I've had similar tempting ideas but I really don't want to plan around committing mortgage fraud.

You can be flagged for mortgage fraud.  

Have there been cases of fraud or developer delaying or delivering something very different from what was promised.Thanks in advance.

I do know for a fact that this was a big part in the mortgage fraud scams in Atlanta in the mid 2000's.

Basically when they accepted my offer, and I agreed to the terms they offered, that it is my property, the only way that I could not get it is that they would not be able to offer a clear title, and if that is the case, they have committed fraud, for listing a property for sale, without disclosing that information.