Fraudulent Mortgage Broker - Posted by Chuck

Posted by Bill H on December 17, 2006 at 10:03:52:

Commonly called mortgage FRAUD…Do this and you could very well learn that your cell number has nothing to do with a phone.

Recent article in paper said the just jailed FIVE. They got from 15 months to 5 years for fraudulent ‘flipping’ …they bought property, inflated appraisal and sold for huge profits…now the have got a number…not a name.

Good Luck,
Bill H

Fraudulent Mortgage Broker - Posted by Chuck

Posted by Chuck on December 15, 2006 at 18:55:18:

Hypothetical question:

If a seller is told by a mortgage broker to fill out a false Verification of Employment for a buyer to get a deal to go through are there any legal ramifications for the seller if this is found to have happened?