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To: mewzilla

LOTS, this is classic MORTGAGE FRAUD.

Every real estate investor knows that if you buy a rental property you have to put down 25% and will not typically get as low an interest rate. By stating these properties were “second homes” she got a lower payment.
Just like you get better rates and lower down payment on your primary residence.

In addition, multifamily houses with more than three apartments are considered a commercial loan. Again, you have to put down at least 25%. Plus, you will not get as cheap an interest rate.

These are all well known by ANY lender or real estate investor. By lying on the mortgage application, she committed Federal Mortgage Fraud.
She needs to be prosecuted.


16 posted on 08/29/2025 5:59:37 AM PDT by woodbutcher1963
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To: woodbutcher1963
By lying on the mortgage application, she committed Federal Mortgage Fraud. She needs to be prosecuted.

I have a sense that this is prevalent in the Dem circles as a way to invest in real estate and I'd look into who is renting these properties. Cambridge, I suspect these are rented to fellow liberal travelers probably on some liberal list floating around. Allows the perp to arrange a friendly solid lease, no riff raff, probably a Harvard employee - thus in 15 years they have a $750,000 asset with hardly any work. It's a payoff scheme I bet.

17 posted on 08/29/2025 6:06:01 AM PDT by 1Old Pro
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