A common excuse I get is they suffered from identity theft.Is there any way to verify an applicant truly has suffered from identity theft?

Some(or most) put 90 days in but that is specific to the bank selling the REO, so there is a possibility that VHDA does it differently so you'll need to verify with them directly.

get 3 prices for a new roof, review my Comparable recent Solds, do my Underwritting (not ProForma) based on Seller's verified submittals and sit down with the Seller!

I used iowacourts online for a background check and verified employment but that's it :s cross fingers for a good first experience

It's also very tricky to verify rehab expenses, and subject to fakery, etc.The loan still works great if the rehab is light to moderate, and you can end up with a considerable amount of leverage in the property (probably as much as you want or need, frankly).

Have to verify rents are actual and not with free rent given to move in etc. which lowers the monthly averaged rent rate.

I have verified extensively through the MLS.

The county verified this to the HOA.

In fact, it actually requires that the person raising the capital to be much more responsible (and hence more liable) in their due diligence on making sure the investor truly is accredited.There are also requirements of:1) Notification to the SEC15 days before use of the exemption2) Another filing within 30 days of completion to the SEC3) Additionally, disclosures will include expanded information on the issuer and the offered securities, the types of investors in the offering, the use of proceeds, the types of general solicitation employed, and the methods used to verify the accredited status of investors.

Then you are in for verifying accredited status and maybe audited books.Saving you some reading: some states like NC, GA (??)