Originally Posted by  John ChapmanPOSTER  Investor Dallas, TX
"This is a kind embarrassing/bizarre story, but I figured I'd share it since everyone and there brother is getting into wholesaling. Basically, I was app...

Any thoughts!! Is this new??

http://www.freddiemac.com/singlefamily/news/2010/0412_payoff_fraud.html?attr=EMC-SFNCAEFTSPF

When banks start restricting credit, they are not confident about people's ability to repay. That means the use of Lines of Credit, HELOCS and other lending for real estate investing will dry up too.
Wells Unexpected...

I am surprised no one else posted on this today! This is some scary stuff.

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