SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: Jim McMannis who wrote (73594)3/11/2007 7:41:04 PM
From: MulhollandDriveRespond to of 306849
 
of course it is....

these are after all, liar loans



To: Jim McMannis who wrote (73594)3/11/2007 8:58:01 PM
From: benwoodRead Replies (1) | Respond to of 306849
 
THat wouldn't surprise me. When I last financed a house in '93, they required me to sign a doc to let them get a copy of my tax return from the IRS. I'm sure those sorts of ridiculous precautions all blew away as the RE bubble inflated.



To: Jim McMannis who wrote (73594)3/11/2007 10:31:58 PM
From: Lizzie TudorRespond to of 306849
 
thats what I meant, of course.

I don't know what kind of IRS docs are required to get a mortgage, but if its only a 1040 line 38, you can pretty easily change that number with Quicken and print it. I don't know how common that is, around here not that many people lie about incomes really.