In fact OP you may have spoken to me 3 months ago (I wouldn't remember), and I would have told you in advance about how this sort of thing can happen, so you "shop around," find someone else offering exactly what I offered, from the exact same very small pool of lenders, identical rates/fees (+/- rate movement over time), they don't include all the caveats/warnings that I did, so you think it's more reliable or whatever, fast forward 2 months, and boom here you are making this thread (incidentally, this means my "incentive" is to just drop all the warnings and caveats, and then act all surprised when exactly what happened to you happens, like I didn't know it was a possibility from the get-go). 

Lying to a mortgage company about your finances can be grounds for mortgage fraud, which in many jurisdictions (maybe all?)

This article may be instructive, at least for purchasing in Florida, though I believe if you search "equity skimming in (insert state name)" you'll find something similar for your state.Equity Skimming – An Investor’s Guide to Avoid Trouble – Fraud Lawyers Florida on Consumer Fraud

A lot of "fraud" lawsuits happen because people try to cut corners, don't understand the process or weren't clear about enough in their agreements.

If you get your 5 bed 3000 sqft property for 385k and someone got an identical property for 320k they will (most likely) beat you in cash flow.

Here's what to knowhttps://www.msn.com/en-us/news...The Maricopa County Recorder's Office is launching a new alert system to fight a rising number of fraud schemes in which homes are sold out from under property owners, officials said.And last year, the Arizona Attorney General's Office issued a warning to homeowners after investigators noticed "a disturbing trend" of dozens of complaints of title theft from across the state.To sign up, homeowners must create an account on the Maricopa County Recorder's Office website with a valid email address.

It may have happened somewhere, sometime but there may have been other circumstances related to the case that are actually unrelated to the hand dialed phone call (like misrepresentation, fraud, continued calling when the home owner says “stop”, used a false name in the solicitation or other scam related activity).What the concern is about, is "mass dialers'.

Financed properties are depreciated identical to cash properties.Myth 2: depreciation is a freebieFreebie is something you never have to pay for.

I've always felt that "Let's just not tell the bank" is not only immoral and unethical as it violates a loan covenant, but could be construed as mortgage fraud, which is technically criminal.

The original contract between me and the buyer- who was a "mentor" of mine (recently convicted of RE Fraud for $9.4 Million) did not have any clause in it that allowed it to be sold or assigned....but it was.