Monday, April 09, 2007

A Quickie About Fraud

When I was a crazy teenager I used to tell my cousin all the stuff I would get up to. She would hold up a fork close to her eye and peer at me to see, "How you would look behind bars".

I can pretty much guarantee that no one looks good behind bars so take heed.
Mortgage fraud is rampant. Don`t lie on your mortgage application.

The banks don`t care who told you it was okay to write what. Just tell the truth. It is a crime and if you get caught there will be a lot of grief especially if you are the strawbuyer (basically the person who submits the false loan application) If your investment partner says it is okay to do something that you feel is not up and up re-evaluate your relationship and seek independant legal advice.

Read How Police Are Cracking Down On Fraud And How YOU Can Avoid Being A Victim