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The purpose of the scheme was to defraud lending institutions by convincing them to approve mortgage loans for residential properties. Houston, Keller, Lantana, Lewisville, Little Elm, Lubbock,
A debt instrument by providing mortgage rights to the property and the borrower to the lender as security for its obligations. In this case, the borrower can still use or utilize the property.
MODULAR home lantana city texas fha mortgage LENDERS – The FHA Title I modular home loan mortgage may be used for the purchase or refinancing of a manufactured home and land built after 1977, a developed lot on which to place a manufactured home, or a manufactured home and lot in combination.
In another high-profile case, North Miami Mayor Lucie Tondreau was arrested in May, accused of using her radio program to recruit “straw” borrowers to purchase 20 homes while defrauding $8 million.
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FHA mortgages have been helping lantana florida people become homeowners since 1934. Lantana Florida fha mortgage loans are backed by the FHA which is short for the Federal Housing Administration. FHA insures the FHA mortgage loan so Lantana Florida mortgage lenders can offer easier loan qualifying and lower down payment FHA mortgage options.
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