Asked by Tj, Dublin, OH • Fri Nov 21, 2008
We have not been able to sell our house to purchase a brand new house. We are going through the builder's lender. The lender told us that we need to fill out a lease agreement & "pretend" that we have someone to lease our property so we will qualify for the new loan. The lender wants us to make up a renter & sign the documents. They claim it's not a "legal document". This sounds like mortgage fraud to me. Would this equate to mortgage fraud? The builder has our deposit & the lender says we "qualify" for the loan, but we are refusing to meet the conditions so we would not get our deposit back. What do we do?
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