That means that a court could find that you have a binding contract, even without EMD.You can play hard ball and tell that agent that you're going to file a complaint with the state's Real Estate Commission and see if that gets you anywhere.If, as was said above, that agent was trying to wholesale your property (not sure how to prove that), he could be in violation of a tort known as "Fraud in the Inducement", meaning that he fraudulently caused you to enter into a contract that he had neither the intent nor the ability to complete. 

It's an identical situation to Austin prior to the tech boom.

If your worried get an umbrella insurance policy.You could trigger the due on sale clause by moving the property into an LLC.If you bought this house with a 2nd Home loan and then move it into a business LLC, this could be seen as mortgage fraud.

Assuming a person is going to like their property because of their sexual orientation or gender identity is discrimination.If a person posted "how can I market to white anglo saxon men" the moraloty trolls would be all over that person.

I have found many clients were unwittingly committing mortgage fraud with second homes at least in first year of ownership as occupancy rider required that in first year it be used primarily for personal use after 12 month it no longer mattered and could be a full time rental.

So you just went from negligence to willful attempts to deliberately evade taxes -- have you looked at the definition of tax fraud recently?

According to the National Institute of Building Sciences’s Off-Site Construction Council, when fully built, modular apartment structures reflect “the identical design intent and specifications of the most sophisticated site-built facility.”FASTEST GROWING SECTORLittle known fact: Multifamily was the fastest growing sector for the modular industry in 2018.

This conveniently prevents fraud, as there is no financial or physical gain for dishonesty.

The promise of "access to lenders" is purely a hook,  trying to set themselves apart from all the other Identical gurus saying the same thing "buy low-rehab-sell high-repeat" and gives new students like you a "reasonable sounding justification" in their own mind to spend the $2,000. 

Now your obviously irate so you’ve taken to name calling at the mortgage company, implied that they don’t know what they’re talking about, and that they’re using Federal Regulations as an excuse not to make the loan.There is a term for lying on your mortgage application, it’s called mortgage fraud.