Avoid Committing Mortgage Fraud
Unfortunately, mortgage fraud is a common occurrence in today’s society. But the sad truth is that many people are simply not aware that they are committing a crime. Any lie you tell on a mortgage application, no matter how small is considered to be ‘fraud to qualify’ and is an offense.
The best way to avoid committing mortgage fraud is to be completely truthful on your mortgage application. As well, never agree to working ‘under the table’ with a buyer or seller. Finally, avoid being a ‘straw buyer’, or one who is purchasing a property without the intent of living in it.