Wanna bet a whole lotta Deep State fraudsters are now desperately trying to amend their paperwork...
NYS has the STAR program for property tax relief for residents.
I wonder how many pols and bureaucrats are cheating on that paperwork...
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.