There is alot unknown that needs to be clarified before answering "why can't they just do it as a investment property @ 90 LTV"---things like how you are going to document income/assets, FICO, cash reserves, # of properties owned/mortgaged to name a few...I suspect that it is not your intent to occupy the 2nd unit as Wells Fargo suspects and this is where the FRAUD comes into play---if you intend to rent out both units and claim otherwise, the doc they want you to sign could serve as the noose at your own hanging.

In addition we have pretty decent financial assets, stocks/bonds,mutual funds.

McLeod, Montgomery County prosecutors say.Shortly after the tighter rules for foreclosure consultants kicked in, McLeod bilked nine homeowners -- including his 83-year-old grandmother -- out of hundreds of thousands of dollars, authorities said.

You'll end up re-doing that fixup before you sell.Now, if you mean for selling to another investor, then the rental finish is fine.Historic houses can also run into preservation groups or whatever it is in your area that might have authority.

Most lenders or asset companies will use specific agents for all the properties in a market.

For one, you're going to get the owner to give you an "authorization to release" form filled out and signed for each loan.

The servicer is generally granted authority to adminster the loan, make demands, etc.

The point the authors make is that while many people are leaving the marketplace due to the media's drumbeat of "crashing RE markets" and the increase in market supply, savvy investors should be buying as many good deals as they can instead of sitting on the sidelines waiting for the market to finish its correction.

They could have given him some jail time but he liquided ALL his assets to make good to the people that lost money.With the lending mess out there and what has happened in the near past they are looking at at things and I think that this was a warning shot.

You don't want someone else (relative or friend) to enter without proper authority.