They were unable to do that because they had stolen someone else's identity and the bank caught on to them. 

Purchase price: $430,000 Cash invested: $70,000 Sale price: $1,035,000 Four cabins on the Shenandoah River in Luray, VA, each identical 1 bedroom, 1 bathroom, 600sf with a 250sf covered patio.

It never ceases to amaze me how few people have heard of this before on here, but a major study that looked at something like a century (give or take) of RE data in the USA found that the overall rate of return in cash flow vs appreciation markets was basically identical over the long term.

@Pesi Satarawalla recommend you check out the Fair Credit Reporting Act and national laws on privacy.Our management contract states we do not share credit or background checks with owners due to potential corresponding liability issues.Answer us this - how does a property management company protect itself against an owner, who they share this info with, from committing identity theft or not keeping the tenants information secure?