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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Tradelite who wrote (22688)8/1/2004 4:49:20 PM
From: redfishRead Replies (1) | Respond to of 306849
 
"His signature attests that he is not defrauding a federally insured lending institution and doesn't want to go to jail."

So you have some case histories where people went to jail for lying about that?



To: Tradelite who wrote (22688)8/1/2004 4:57:47 PM
From: bentwayRead Replies (2) | Respond to of 306849
 
I can't recall ever being asked to sign a document like that, and I've bought a few houses. Is it a recent thing?
I can understand how a developer might care, since they might not want a lot of rentals in a development. But why would a mortgage lender care? It shouldn't affect their bottom line either way.


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