Nosy, suspicious tenant smells mortgage fraud

[alex468]

What is the name of your state? Massachusetts

For a prior post, see https://forum.freeadvice.com/showthread.php?t=379316

I received the advice previously to mind my own business and I chose to ignore it. I also would like HomeGuru to ignore this post and not reply to it. I am not interested in his opinion.

From the town assessor's office, I now know that the property where I am a tenant consists of two lots. I can tell that one lot has the house and about 3000 sq ft of nice land and the second lot is about 3000 sq ft of flooded tidal salt marsh on the other side of a seawall. The seawall continues in both directions, it is the property line for all our neighbors, and no other "land" on the water-side of the seawall has been parceled out into lots.

The property is appraised and assessed for 6000 sq ft of residential land. The unit price per square foot is about the same as similar nice residential land belonging to the neighbors, so it seems reasonable to assume that the property's land is appraised for nearly twice its value unless there's a use for seagrass and mud that I don't know about.

The property manager is also a tenant and signed for the owner on my lease, meaning that either the lease is illegal or he has POA. The online POA records for this county don't show anything.

Now for the dramatic (possibly paranoid) part. Based on many leading conversations in the home, I suspect:

1) The owner is about to sell the property to a low-income tenant through a nice mortgage for her using the appraised value for the mortgage with a cash kickback for her.
2) The low-income tenant may be secretly married to the owner's not-low-income property manager who is also a tenant.
3) The property manager may have also bought the mortgage note for the property.

The owner's current mortgage is online, and the mortgagee is MERS (Mortgage Electronic Registration Systems Inc.), so I can't find out who owns the note without being a member. Should I contact MERS with my suspicions? Would they tell me who owns the note? Should I contact the FBI? If the buyer and seller are in something like this together then maybe it's not my business, but isn't mortgage fraud everyone's business?

 

[Zigner]

You received the correct advice in your other post. But, if you desire, please post the answer you would like to see, word for word, and I will reply with said answer.

 

[Just Blue]

After your nasty, uncalled for rant at several of our members, I highly doubt that anyone worthwhile will attempt to advise you. But perhaps a newbie or two, who have no knowledge of RE Law, will come on your thread to give their opinion.

Have a nice day!

 

[alex468]

The answer I would like to see

"Hello, alex468! I am member of MERS, I live on the Massachusetts coast, and I would love to get together for coffee and to discuss this situation with you. After meeting in person, I would be more than willing to access the MERS database and determine if your roommate/property manager/maybe POA landlord/maybe illegal lease writer/maybe husband of low income tenant also holds the mortgage note on the property where you live."

"I am shocked, (shocked, I tell you!) to learn of your suspicions that some individuals in our noble enterprise of real estate investing and management may be defrauding the US government and mortgage companies by engaging in this kind of misrepresentation and self-dealing. Let me assure you that I will do everything in my power to reassure the average tax-paying American citizen that we real estate investors will bend over backwards to eliminate the fraud in our industry. Since the day I received the Real Estate Badge as an Eagle Scout, I have pursued honorable profits in my field ("my field"? Dare I say, "my calling"), and I insist on the same from others."

Wow. I really like that guy! he makes me proud to live in America. So, mythical ethical real estate investor, how about Thursday evening at 8? Are you on the South Shore or the North Shore or should we meet in Boston? Hello? Is anyone there?

 

[HomeGuru]

"Hello, alex468! I am member of MERS, I live on the Massachusetts coast, and I would love to get together for coffee and to discuss this situation with you. After meeting in person, I would be more than willing to access the MERS database and determine if your roommate/property manager/maybe POA landlord/maybe illegal lease writer/maybe husband of low income tenant also holds the mortgage note on the property where you live."

"I am shocked, (shocked, I tell you!) to learn of your suspicions that some individuals in our noble enterprise of real estate investing and management may be defrauding the US government and mortgage companies by engaging in this kind of misrepresentation and self-dealing. Let me assure you that I will do everything in my power to reassure the average tax-paying American citizen that we real estate investors will bend over backwards to eliminate the fraud in our industry. Since the day I received the Real Estate Badge as an Eagle Scout, I have pursued honorable profits in my field ("my field"? Dare I say, "my calling"), and I insist on the same from others."

Wow. I really like that guy! he makes me proud to live in America. So, mythical ethical real estate investor, how about Thursday evening at 8? Are you on the South Shore or the North Shore or should we meet in Boston? Hello? Is anyone there?

**A: that's nice.

 

[Just Blue]

"Hello, alex468! I am member of MERS, I live on the Massachusetts coast, and I would love to get together for coffee and to discuss this situation with you. After meeting in person, I would be more than willing to access the MERS database and determine if your roommate/property manager/maybe POA landlord/maybe illegal lease writer/maybe husband of low income tenant also holds the mortgage note on the property where you live."

"I am shocked, (shocked, I tell you!) to learn of your suspicions that some individuals in our noble enterprise of real estate investing and management may be defrauding the US government and mortgage companies by engaging in this kind of misrepresentation and self-dealing. Let me assure you that I will do everything in my power to reassure the average tax-paying American citizen that we real estate investors will bend over backwards to eliminate the fraud in our industry. Since the day I received the Real Estate Badge as an Eagle Scout, I have pursued honorable profits in my field ("my field"? Dare I say, "my calling"), and I insist on the same from others."

Wow. I really like that guy! he makes me proud to live in America. So, mythical ethical real estate investor, how about Thursday evening at 8? Are you on the South Shore or the North Shore or should we meet in Boston? Hello? Is anyone there?

For Gods sakes! Call the Banking Commission with your "concerns". Go Away.

 

[alex468]

Thank you, baystategirl!

I honestly had no idea who to contact with my "concerns".

*smooch* My hero.

*going away*

 

[HomeGuru]

I honestly had no idea who to contact with my "concerns".

*smooch* My hero.

*going away*

**A: thanks

 

[alex468]

"...Since the day I received the Real Estate Badge as an Eagle Scout..."

That should have read "Real Estate Merit Badge".

*going away for real this time*