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

To: Think4Yourself who wrote (85200)	8/14/2007 12:37:17 PM
From: ChanceIs	Read Replies (3) \| Respond to of 306849

>>>the buyer was complicit with the seller in a tax evading attempt."<<< That is probably the key to the question - buyer complicity. I haven't heard for a while how IRS was doing cracking down on the homebuilders who supplied downpayments through charitable organizations. I think they were looking at such payments as income or otherwise disallowing them as a deduction for the builders. I suppose that IRS will have its sights on the real estate industry for a while. Plenty of opportunity and motivation for fraud these days. And plenty has occurred in the last few years especially WRT mortgage applications. For the tenth time - mortgage insurance will get very interesting.