The harsh reality in today’s market is that there is a flood of fraudulent lenders whose only intention is to collect deposits. Ultimately there is no governing body or authority who is enforcing these fraudulent activities. In most cases the deposits are large enough to really be a pain in the pocket book, but not large enough to go through the burden of legal action. In the past few years only one or two lenders have garnered the attention of the FBI. These fraudulent lenders know that the possibility of legal action against them is remote, so it is incumbent on the property owners to complete as much due diligence as possible in order to protect their deposits.