Do you consider this fraud? It seems like the deliberate intent to defraud the bank for gain makes it an offence? It is similar to running up the credit cards and then declaring bankruptcy which would also be considered fraud. Opinions?
Certainly, in the eyes of the law, it’s not fraud. I would not even casually refer to it as fraud. It’s a voluntary breach of contract with respect to the existing home loans, with built-in remedies for the lenders. That’s it as far as I can see.
Certainly, in the eyes of the law, it’s not fraud. I would not even casually refer to it as fraud. It’s a voluntary breach of contract with respect to the existing home loans, with built-in remedies for the lenders. That’s it as far as I can see.
Certainly, in the eyes of the law, it’s not fraud. I would not even casually refer to it as fraud. It’s a voluntary breach of contract with respect to the existing home loans, with built-in remedies for the lenders. That’s it as far as I can see.
Certainly, in the eyes of the law, it’s not fraud. I would not even casually refer to it as fraud. It’s a voluntary breach of contract with respect to the existing home loans, with built-in remedies for the lenders. That’s it as far as I can see.
Certainly, in the eyes of the law, it’s not fraud. I would not even casually refer to it as fraud. It’s a voluntary breach of contract with respect to the existing home loans, with built-in remedies for the lenders. That’s it as far as I can see.
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