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seller gift

Biggest Source of Housing Fraud?

Extending Buyers a Helping Hand (& Leg & Arm) (One more) pop quiz: what’s the biggest source of fraud in today’s housing market? A. Inflated appraisalsB. Seller downpayment “gifts” to their BuyersC. Borrowers falsifying data — including income –on their mortgage applicationsD. Shaky mortgages bundled into securitized debt and re-sold to investors Answer: B. Think...
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