And who would do this and why?
“”And who would do this and why?””
I’m sure it happened so she could claim the $8000 first time homebuyer credit. Reports out this last week found 90,000 ineligible and suspicious claims of tax credits totaling over $600,000,000 under that program. There was even a 4 year old who was approved for that credit.
See FR “Over $600 Million Of Credit For First-Time Home Buyers are Suspicious.”
Everyone who ever approved loan papers like this should go to jail.....EVERYONE! No charges, no trial, just straight to jail. Loan approval is evidence enough. People are fed up with the door being opened like this from DC and those who are told they “are entitled” will jump on the wagon every time.
Just propping up the overpriced housing the normal consumer wouldn't prop up.