Legal Question in Real Estate Law in California
RE Mortgage
If a mortgage starts out with fraud i.e. inflated income on the �original� application and the mortgage is then bought (assigned) to another lender is the assignee liable for purchasing a fraudulent loan and what are the consequences?
Asked on 8/07/08, 9:31 am
1 Answer from Attorneys
Daniel King
Law Offices of Daniel King
Re: RE Mortgage
Not necessarily the assignee, unless somehow they participated (or knew about) the fraud. However, we are intaking a number of these types of cases involving some of the lenders and this practice. It would be best if we spoke. No cost or obligation on your part.
Daniel King
Answered on 8/07/08, 11:54 am
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