Asked by Bren Johnson, Litchfield Park, AZ • Sat May 1, 2010
Will he have to worry about loan fraud and the bank coming after him. He made a lot of money it was mostly capital appreciation he did not claim on taxes. His loan officer said that is why they have stated loans for self employed because a lot of times they do not claim every penny. So my question is can it be loan fraud if he did not cliam it on taxes but really made it???
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