gte911u,Your identity is protected - I'll bet a lot of us would love to hear more.

In Ohio, it is very difficult to get legal fees, unless there is fraud involved on the part of the plaintiff (regardless of what the lease says).

If there were any stated income loans it wouldn't make any difference as the ratios are still necessary to qualify, unless he lied, are you suggesting your client should lie about his income and get tagged for mortgage fraud? 

Be careful as if that balloon pops you will be the one examined as to predatory practices and stretching the norm in your presentations which looks a lot like fraud.

In chapter one of the book of RE basics, it mentions that real estate is unique, no two parcels on the face of the earth are identical, this is mentioned before location, location, location.

They perform basically the same service as a Realtor, nothing more and the value of such service is very well established for an equitable exchange in that type of transaction, that being very closely aligned with a commission due Realtors.Expecting to charge fees significantly greater than what is equitable for a service or product isn't just a ethical issue but can be a legal matter on many fronts, predatory practices, gouging and fraud if some greater value is communicated.

Whaley was convicted in May 2012 of wire fraud, bank fraud, and money laundering.

@Bill Gulley I will let you know what I find Remind him you deal in Real Estate, mention the Statute of Frauds, mention that there are audit requirements by law for RE settlements, might mention to no lender will fund a loan that a title company won't insure the settlement to.

It's unclear what fraud or ommission might surface if the future and what claims might be made, but conidering that the banks are insured as to errors, ommissions and fraud by employees, that title insurance will defend good title, that claimiants will need to sue and that while a warranty deed was not issued, a special warranty deed or special warranty deed will sttae that the seller has the right to sell, I doubt any court would ever allow such calims to surface against future title holders, that any damage would be assessed and that the calimant would be indemnified without involving the future ownership of the property.....IMO.

I also called the Missouri State Patrol fraud division and the Finance Dept.