Our bank received an offer from an out-of-state company & real estate agent to purchase property we had forclosed on in 2005. They claim to have a buyer for the property for $90,000 with $23,000 going to company called Payout One. All the tax records in the area (as well as our appraisal dept. rep.) state the property is only worth $70,000. But this out-of-state firm claims they have an appraisal of the property for $90,000. They also want to require us to use a Title Company of their choosing. We are staying away from this BUT is this SAR reportable as Mortgage Fraud or False Statement? If so, who do we report in the SAR. All we have is a sales contract listing a buyer's name and a FAX from the "so-called" buyers agent. Would love some thoughts on this one.