Author Topic: Mortgages ny 2015  (Read 3424 times)

Offline LoLo

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Re: Mortgages ny 2015
« Reply #20 on: April 19, 2015, 04:41:32 PM »
So you are advocating mortgage fraud. Interesting.

Not to mention that he would then be responsible for the taxes on the larger salary.
I'm not advocating anything, I assumed he has the means of paying the mortgage but not the ability to prove it to the bank, (and as I side note, my mortgage broker gave me this idea, obv. Unofficially) and yes, it might be worth paying taxes on higher salary for the few months until closing.

Offline coralsnake

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Re: Mortgages ny 2015
« Reply #21 on: April 19, 2015, 05:16:28 PM »
I assumed he has the means of paying the mortgage but not the ability to prove it to the bank

"Mortgage fraud is a crime in which the intent is to materially misrepresent or omit information on a mortgage loan application to obtain a loan or to obtain a larger loan than would have not been obtained had the lender or borrower known the truth.

In United States federal courts, mortgage fraud is prosecuted as wire fraud, bank fraud, mail fraud and money laundering, with penalties of up to thirty years imprisonment.[1] As the incidence of mortgage fraud has risen over the past few years,[2] states have also begun to enact their own penalties for mortgage fraud.[3]"


http://en.m.wikipedia.org/wiki/Mortgage_fraud

(and as I side note, my mortgage broker gave me this idea, obv. Unofficially)

Sad.
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Offline Luvtotravel

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Re: Mortgages ny 2015
« Reply #22 on: April 19, 2015, 05:24:07 PM »
I think I'll let this die its own death...
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Offline Palm5

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Re: Mortgages ny 2015
« Reply #23 on: April 19, 2015, 05:26:57 PM »
I think you should murder it and bury it.

Psthhh.... Advocating fraud, pretty sad.

Offline LoLo

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Re: Mortgages ny 2015
« Reply #24 on: April 20, 2015, 12:56:34 AM »
.