Loan Documentation Fraud includes providing inaccurate information when applying for a loan to purchase property. Common information that is altered is income, assets, employment status, etc. This allows the buyer to get a lower rate and better loan terms. Other types of this fraud include forging someone else's information, or pretending to be a financial institution so a down payment can be collected. As soon as this happens they disappear. Never falsify information when applying for a loan, even if you are encouraged to do so by another party.
photo credit: NobMouse Loan Documentation Fraud includes providing inaccurate information when applying for a loan to purchase property. Common information that is altered is income, assets, employment status, etc. This allows the buyer to get a lower rate and better loan terms. Other types of this fraud include forging someone else's information, or pretending to be a financial institution so a down payment can be collected. As soon as this happens they disappear. Never falsify information when applying for a loan, even if you are encouraged to do so by another party.
photo credit: NobMouse 
