Banks do not look to "increase" the income reported by a borrower/applicant, they look to verify it.

The ARV estimate has been verified.

Make sure you verify all of their information provided on the application.

It might sound like a good idea, but again, it's fraud.When you turn in a mortgage app, you sign it verifying that it represents your financial situation to the best of your knowledge.

The bank is trying to verify that the offer matches reality.

In addition to your credit report, they will verify your income, verify your employment, expenses, other debts,etc.

The one thing you learn in this business is to verify everything and accept no rumor as fact.

Lenders will verify income, assets, liabilities, and credit history for all parties on the loan.

My hope and goal is that God forbid the lawsuit is awarded a settlement the most they can get is the equity in that property.Ned, I believe in NJ the law is the same you are allowed to transfer from yourself to a LLC owned by you without any tax consequences but I need to verify this.As far as the single member LLC beginning to be pierced can you elabotate on this?

None of them are doing well in RE and it is easy to verify how many deals they actually have sold or listed.That all said, the actual flip shows are just as fictional, though flip men seem to have a bit more accuracy on some numbers, but lots of the "issues" are dramatized and fictionalized for TV.