Sentences with phrase «loan fraud if»

this is called a red flag and Is loan fraud if this is what this investor is trying to do..

Do not attempt OO status as it is loan fraud if you are not occupying the property.

You can go to jail for loan fraud if FHA discovers that you are not living in the property for the initial 12 months.

Not exact matches

And Derek Draper and Damian McBride have been creating it in large quantities, and they're by no means the first or the most obvious examples, given the loans - for - peerages scandal, various bits of chicanery around the Iraq war and subsequent investigations (e.g. David Kelly), ministerial expense fraud (or at least it would be fraud if you or I tried the same thing on our tax returns), pretty much anything to do with Peter Mandelson and the various leaks, briefings and spin cycles that have characterised the Labour party for the last fifteen years.

Under the law, you may be eligible for loan forgiveness (a discharge) of the federal Direct Loans you took out to attend a school if that school committed fraud by doing something or failing to do something, or otherwise violated applicable state law related to your loans or the educational services you paidLoans you took out to attend a school if that school committed fraud by doing something or failing to do something, or otherwise violated applicable state law related to your loans or the educational services you paidloans or the educational services you paid for.

The routine uses of this information include, but are not limited to, its disclosure to federal, state, or local agencies, to private parties such as relatives, present and former employers, business and personal associates, to consumer reporting agencies, to financial and educational institutions, and to guaranty agencies in order to verify your identity, to determine your eligibility to receive a loan or a benefit on a loan, to permit the servicing or collection of your loan (s), to enforce the terms of the loan (s), to investigate possible fraud and to verify compliance with federal student financial aid program regulations, or to locate you if you become delinquent in your loan payments or if you default.

For those who need to keep a closer look at their credit for a variety of reasons (say, they need a loan in the near term and need to monitor how their credit is doing for a while, or if they are concerned about fraud or ID theft due to a recent or perceived threat of fraud), a service such as GoFreeCredit.com may be more applicable.

Under a borrower defense to repayment, you may be eligible for loan forgiveness (a discharge) of the federal Direct Loans you took out to attend a school if that school committed fraud by doing something or failing to do something, or otherwise violated applicable state law related to your loans or the educational services you paidLoans you took out to attend a school if that school committed fraud by doing something or failing to do something, or otherwise violated applicable state law related to your loans or the educational services you paidloans or the educational services you paid for.

If a loan failed after a few months then the originator still got to keep its fees and the investor was stuck with a bad mortgage, unless it could show fraud.

7) A due - on - demand clause - The exceptions are if: a) There is material misrepresentation or fraud by the borrower in connection with the loan; b) The borrower fails to meet the terms of repayment in the agreement; or c) There is any action by the borrower that negatively affects the creditor's security.

If someone applies for a loan in your name and a lender pulls your file, the lender will be notified of the fraud alert.

The usual deal with home private - sector loans is that originators — the folks who sign you up for a nifty new mortgage — must actually buy back the loan if the borrower fails within 120 days or at any time if the origination involved fraud.

Used properly and issued by reputable lenders, FHA reverse mortgage loans can provide needed funds and eliminate monthly mortgage payments, but borrowers can be subject to fraud and misleading information if they don't understand the full consequences of the loan.

If DeVos succeeds, borrowers will no longer have anything protecting them from student loan fraud.

If your loan closed on or after January 1, 1990, you will owe the Government in the event of a default only if there was fraud, misrepresentation, or bad faith on your parIf your loan closed on or after January 1, 1990, you will owe the Government in the event of a default only if there was fraud, misrepresentation, or bad faith on your parif there was fraud, misrepresentation, or bad faith on your part.

One Countrywide employee — who would later plead guilty to two counts of wire fraud and spent 18 months in prison — stated that, «If you had a pulse, we gave you a loan.»

The National Council on Aging is expressing concern about the potential for fraud and scams if more types of reverse mortgage loans become available.

If there's been fraud then all bets are off, the 120 - day deadline is out and there is no end to the originator's liability to take back the loan.

Under a borrower defense to repayment claim, you may be eligible for loan forgiveness (a discharge) of the federal Direct Loans you took out to attend a school if that school committed fraud by doing something or failing to do something, or otherwise violated applicable state law related to your loans or the educational services you paidLoans you took out to attend a school if that school committed fraud by doing something or failing to do something, or otherwise violated applicable state law related to your loans or the educational services you paidloans or the educational services you paid for.

@MasonWheeler I agree with TainToTain; if there was going to be no mortgage, and you would therefore be the only lender in the transaction, you could do it as a documented loan, not as «back to back coincidental and definitely not fraud» gifts.

It might also make sense to get a lawyer involved if you believe you were the victim of fraud related to your loans, don't believe you owe the debt to your name, or are having difficulty getting a student loan garnishment to stop.

You may be eligible for a borrower defense to repayment discharge of the federal Direct Loans you took out to attend a school if that school committed fraud by doing something or failing to do something, misrepresented its services, or otherwise violated applicable state law related to your loans or the educational services you paidLoans you took out to attend a school if that school committed fraud by doing something or failing to do something, misrepresented its services, or otherwise violated applicable state law related to your loans or the educational services you paidloans or the educational services you paid for.

First, you are asked on the loan application if you have filed for bankruptcy before, and if you lie you can be charged with loan fraud (plus, what lender will lend to someone who lied on the application??? NONE).

If he defaults on the loan, he may be cited as committing fraud.

Contact the U.S. Department of Education's Office of Inspector General Fraud Hotline to make a confidential report if you suspect your school or an individual of fraud, waste, or abuse involving federal student aid (Federal Pell Grants, Direct Loans, etc.).

If an SEC lawyer were loaned to the Department of Justice to work on a criminal securities fraud prosecution that the DOJ didn't have anyone qualified to prosecute due to lack of financial industry knowledge, I do not believe that the limitation that you assert exists would apply.

For instance, if it's a pre-existing home, title insurance protects you from losing your home if any unknown financial or legal issues arise, like outstanding liens, fraud or forgery you weren't aware of when you signed the home loan.

If the practitioner writes up the purchase agreement as a residential purchase knowing the deal is being mischaracterized by the mortgage broker or loan officer, the practitioner could be found to have committed loan fraud.

6 DOS 94 Matter of DOS v. Eagle Financial Services - motion to amend complaint; procedural due process; motion for severance; motion for stay of proceedings; adjournment; once issued, license is valid even if procured by fraud and voidable only in quasi-judicial proceeding; negotiating of mortgage loan requires real estate license; corporate licensee vicariously liable for conduct of unlicensed salesperson; failure to return and conversion of deposits

It's often done with the best of intentions, but manipulating contracts, appraisals, sources of downpayment, and sale prices to help buyers qualify for a higher loan amount — even if it's suggested by the lender — may make you guilty of loan fraud.

If you just got the loan, and do not live in it, you will almost certainly be committing bank fraud.