|
In response to
"is it tougher to get a co-mortgage with someone to whom you're not married?"
by
amanda jones
|
I had a related unrelated real estate thought this weekend. Let's say someone with millions in cash buys a house for a friend to live in.
Posted by
Max
Feb 1 '11, 10:06
|
A week later they sell it to a friend for $1. A month later the friend goes to the bank and gets a home equity loan for 80% of the assessed value of the home. Is there any fraud there?
My train of thought got there by thinking about people with poor credit or no money to put down.
|
Responses:
|