Personally, I don't lie to try to close a deal.I offer cash, in November or December, for high DOM properties.  

Numbers don't lie.

Cart before the horse... chicken or the egg?

Let me rephrase, is he legally bound to drop it if the rates truly have dropped or can he flat out refuse to re run as it’s too close to the settlement or simply alter (lie) and say that rates are the same.

When people have no problem using lies and deceit, I think they build a reputation quickly...maybe not a good one though.

The key here is don't lie, or stretch the truth.  

The risk lies in the rehab, the financing costs, and the time it takes you to flip the house and get it sold.

@John Thedford  if I was a betting man I would bet they don't own them  they are claiming a equitable interest simply because they have them under contract.now I get the occasional assignment.. but when your whole business model or scheme is to simply go into contract then take assignment fee's that is were the distinction lies.. 

People convince them selves they got a good deal, but they are just lying to themselves.

If someone is full of long-winded stories, they're typically lying or covering something up.