When is it considered mortgage fraud??? - Loan Modification Forum

integra777 · 03-19-2009, 03:25 PM

I hear stories where people win cases in regards to where the lawyer was able to prove that the bank committed fraudulant. Fraudulant in which they approved a loan even though the buyer was never qualified.

So my questions are:
What are they looking for to prove fraudulant...is it the debt/income ratio? If it is then at what percent?
I went to a bank recently and its about 40 percent with good credit score. Anything higher will be denied.

Anything else they look for? Thanks

Moe Bedard · 03-19-2009, 03:54 PM

We don't really have that information on the forum.............
but the attorney that does the doc reviews offers a free consultation......you may be able to ask them this question and see....
Loan Modification Service | Home Mortgage | Protect Your Home & Mortgage With Loan Safe

03-19-2009, 03:25 PM	#1 (permalink)
integra777 Member Join Date: Jul 2008 Posts: 14 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	When is it considered mortgage fraud??? I hear stories where people win cases in regards to where the lawyer was able to prove that the bank committed fraudulant. Fraudulant in which they approved a loan even though the buyer was never qualified. So my questions are: What are they looking for to prove fraudulant...is it the debt/income ratio? If it is then at what percent? I went to a bank recently and its about 40 percent with good credit score. Anything higher will be denied. Anything else they look for? Thanks

03-19-2009, 03:54 PM	#2 (permalink)
Moe Bedard Founder Join Date: Aug 2007 Location: Southern California Posts: 16,888 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: When is it considered mortgage fraud??? We don't really have that information on the forum............. but the attorney that does the doc reviews offers a free consultation......you may be able to ask them this question and see.... Loan Modification Service \| Home Mortgage \| Protect Your Home & Mortgage With Loan Safe __________________ Moe Bedard Founder LoanSafe.org "America's #1 Home Loan Forum" LoanWorkout.org "America's # Loan Modification Blog" Get My FREE Loan Modification E-Book \| Please donate to LoanSafe.org \| Loan Modification Training For Attorneys \| Rate Your Mortgage Servicer The comments by me and the materials available at this web site are for informational purposes only and not for the purpose of providing legal advice. Most of the information you find here is easily available on the internet. You should contact your attorney to obtain advice with respect to any particular issue or problem. The opinions expressed at or through this site are the opinions of the individual author and may not reflect the opinions of the firm or any individual attorney. Please Read our Privacy Policy and Legal Disclaimer Here.

Thread Tools
Show Printable Version Email this Page
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode