"The attorney general's case that was brought agai
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Posted On: 04/20/2025 8:12:54 PM
Re: reindeer830 #125741
"The attorney general's case that was brought against Donald Trump was honestly a pure manipulation of the legal system, and it was laughable," sitting in appeal now which will be repealed.
State Attorney General Letitia James commented fraud: The bank then requires the borrower to sign an affidavit confirming that the home being acquired will be used as a primary residence, he explained.
"Now, if that is not the intent or that is in fact inaccurate, and you sign that agreement, you are in fact committing mortgage fraud," he said. "And the bank relies on that agreement in giving you the loan. Now, would they have given you a loan if it were a second home? Potentially, but the difference is the interest rate would be significantly higher."
State Attorney General Letitia James commented fraud: The bank then requires the borrower to sign an affidavit confirming that the home being acquired will be used as a primary residence, he explained.
"Now, if that is not the intent or that is in fact inaccurate, and you sign that agreement, you are in fact committing mortgage fraud," he said. "And the bank relies on that agreement in giving you the loan. Now, would they have given you a loan if it were a second home? Potentially, but the difference is the interest rate would be significantly higher."
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