Identifying and Avoiding Mortgage Fraud FRAUD FOR PROFIT Equity Skimming and Cash-Back Schemes A straw buyer is typically implemented as the buyer of the realestate due to his or her creditworthiness and resulting ability to obtain favorable financing. Occupancy Fraud Generally occurs when a borrower states on a funding application that he or she intends to occupy a realestate as a primary residence to secure a lower interest rate when the borrower actually intends to obtain the funding to acquire an investment realestate. Mortgage fraud has now become so prevalent that [...]
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