House Bill 2040 is headed to the Governers desk. This bill makes mortgage fraud a felony. According to Inman News:
There are no related posts to this entry.House Bill 2040 would make deliberate misrepresentations to lenders — such as inflated appraisals or falsified borrower incomes used to obtain loans that exceed a home’s true worth — class four felonies, punishable by up to three years in prison.
Related posts brought to you by Yet Another Related Posts Plugin.
Real estate owned properties are more often than not suitable for first-time home buyers so choose one now.
Getting direct payday loans is easy and fast. No paper documents need to be faxed or mailed to loans for bad credit .
Academy Mortgage Corporation 15333 N Pima RD, Suite 205
Scottsdale, AZ 85260, AZ Home License BK-0904081 Branch License BK-0114827 (480)339-3850
Academy Mortgage is licensed in most states.
© 2009 Arizona Mortgage Guru | Powered by WordPress
Equal Housing Opportunity
0 Comments on “Arizona acts against mortgage fraud”
Leave a Comment