You may want to drive-by or do some research in that area.

i was wondering if there is any way to research if a neighboorhood has been a victim of mortgage fraud.Eyeball viewing of the property and apprsial has rasied some red flags

I would be very careful and do alot of research before I jumped in.

I have done some market research in the surrounding area and it seems the rents are on par with other properties.

Do plenty of research on this forum, but set a firm deadline when you will do your first deal...maybe 60-90 days out.

Again, you need to do some research for prices in your area.Also remember this, your broker doesn't get paid a dime unless you SELL, SELL.

So get out and attend a few before making any decisions.Initially you will hear great stories from people, but sit down and research these "stories" and find out what the truth is.

Negotiate the best deal you can based on your research.

Wells Fargo just informed me that I need to have a commercial loan to do this and that they would call for full payment if they found out I moved it.Clearly, this is my mistake for not adequately researching this and ensuring my bases were covered.

I'm going to do some research to learn more about this type of transaction, but I'm guessing it doesn't go well with foreclosures, right?