Yes, it is non recourse and the only way they can go after you is if you commit fraud or lied on any of the forms you fill out during the underwriting process.

Alternatively, maybe you want an identical 4 bed house but with a backyard for the dog or now you want a 2 car garage, etc.

What you are saying is not only unrealistic, but at least the way you have worded it smells of downright fraud. 

Lots of exit options, knowledge of rents on identical buildings down the street How did you find this deal and how did you negotiate it?

He tells me that I have been frauded and we will be taking them to court. 

That lawsuit is a claim for fraud, and that’s what fraud typically is...a misunderstanding and someone being “injured” and wanting to hold the other responsible for it.

Hi @Quandra Adams,Tax returns would be best, although if you end up with the same kinds of applicants I do there are two problems with that:1) Many tipped employees do not claim all of their tips (i.e. tax fraud)2) Many servers do not stay at their job for very long. 

I have rented many things in my over 40 years of life including, automobiles from Enterprise, AVIS, Hertz, boats or sea craft from various establishments in various states, and yes countless hotels around the world.Instead of asking me for a deposit they feel entitled to and SS# that is the most sacred of identity data, they simply put a hold on my credit card.

That lie, although seemingly minor, is still committing mortgage fraud.

Sounds like mortgage fraud.