Saw an ad on line for fast closing no doc type loans for commercial investments. Called and spoke with Mike who told me they close loans in a week. He requested I send some documents about the house I was buying and also send a copy of my credit report. In just a few hours he tells me he talked to his investor and the investor would come and look at the house and talk with me and I would get my check. Sounded too good to be true. I never got a call to set up a meeting with the investor. Then I was told I would have to pay for an appraisal. At first I was told that the investor would do his own appraisal and it wouldn't cost me anything. I'm now to pay money and if the appraisal comes in different I would loose that money.
Sounds like the old classic Bait-n-switch and they make their money off fake appraisals.