Real Estate Investment buy/loan; looking at new construction-quad-condos. Did not qualify due to debt-income.

Asked by tj, 97914 Fri Jul 25, 2008

Builder-Broker & Lender says Builder can sign lease to increase my income to get me qualified only. Builder/Broker told closing attorney- " only signing leases to get me/buyer qualified. Is this legal?

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Susan Wesely, , Saint Paul, MN
Fri Jul 25, 2008
It may be legal (ask your attorney!) but it sure sounds unethical to me.
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