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Author Topic: Most folks appreciate capital gains but it could also be a problem for some  (Read 5758 times)

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Offline DuMa

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Funny you should mentioned mortgage fraud, that’s why I said you don’t own a home. Lenders take one look at your spotty work records and DENIED or CANCELED.  :D ;D

His wife bought the house and rent it back to him.   

Some kind of mortgage tax loan fraud shenanigan going on here   :2funny:



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Offline theking

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wow

that cringe

"cringe":

yeah i just make that stuff up

Just lied, dude


And of course, WELPS so much for crying "NO BODY CARES...no view...no comment"...

There goes more "comments" to prove right ONCE AGAIN, and this a "news" thread...not that it's difficult when it comes to the handful members.. ;D O0

PAGE NUMERO 6 of "no view...no comment" NOW... ;D ;D ;D :idiot2:



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Offline theking

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Cringy is get proven wrong over and over again.

 ;D ;D ;D ;D ;D



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Offline hmgROCK

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His wife bought the house and rent it back to him.   

Some kind of mortgage tax loan fraud shenanigan going on here   :2funny:

Funny you should mentioned mortgage fraud, that’s why I said you don’t own a home. Lenders take one look at your spotty work records and DENIED or CANCELED.  :D ;D

yeah

this would be mortgage fraud
buying a house for someone because their credit score is bad
and then them playing you RENT


LMAO at $400k property tax

i thought you guys own a home

 ;D ;D O0 O0




https://en.wikipedia.org/wiki/Mortgage_fraud

Occupancy fraud:
This occurs where the borrower wishes to obtain a mortgage to acquire an investment property, but states on the loan application that the borrower will occupy the property as the primary residence or as a second home. If undetected, the borrower typically obtains a lower interest rate than was warranted. Because lenders typically charge a higher interest rate for non-owner-occupied properties, which historically have higher delinquency rates, the lender receives insufficient return on capital and is over-exposed to loss relative to what was expected in the transaction. In addition, lenders allow larger loans on owner-occupied homes compared to loans for investment properties. When occupancy fraud occurs, it is likely that taxes on gains are not paid, resulting in additional fraud. It is considered fraud because the borrower has materially misrepresented the risk to the lender to obtain more favorable loan terms.



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God did not created man...man created god

Offline theking

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YIPEE..More "comment" to prove me right  O0..



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