04 Jun Easily Get out out-of My Property, Performed I Commit Occupancy Scam?
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James Chen, CMT is a professional buyer, capital adviser, and you can all over the world business strategist. He's got composed courses on tech studies and you can fx authored by John Wiley and you can Sons and offered since a visitor expert towards CNBC, BloombergTV, Forbes, and you can Reuters one of almost every other financial news.
What is Occupancy Scam?
The phrase occupancy ripoff identifies a form of home loan fraud that happens in the event the borrower lays towards occupancy status out-of the house, stating it will be proprietor-filled. Apparently preferred, consumers going occupancy fraud to obtain ideal rates of interest on their mortgage loans.