Quote:
Originally Posted by EscortBiz
And you are now not paying expect them to utilize that form now to see if you lied on your loan app, its a criminal offense and banks are now planning to use that to go after those who dont want to pay.
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You are correct fine sire.
That is why you get your loan (like I did) through your credit union, or bank vs. mortgage broker. You have double the forms, and a lot of them FHA/HUD/government such as that going through brokers instead of a conventional through bank/CU..
I had heard that from realtors, and friends prior to shopping for a house. However, I went to my CU for many reasons. Not just including less paperwork. Higher amount given, less grief, better interest rate and terms. So on, and so on.
Nice to see those who lied on their papers will get due justice.
