Home › Forums › Housing › 80% LTV with “fake” purchase price – ????? › Dude: Fraud : Noun : A
Dude:
Fraud : Noun : A material misrepresentation for a tangible gain.
What you are describing is Fraud.
If it wasn’t fraud you could just tell the lender that’s what you are doing.
The fraud is on the rates.
look, here’s what you can do, get the seller to give you a rent credit, or do this.
Do it at a #300 note and the seller takes a $50K second to you on a 2 year short note.
but frankly wait for the TsunARMI to hit, the whole world is crashing.
