Updated almost 2 years ago on . Most recent reply
Lender is asking me to create a fake lease to get to closing...
I am in the process of closing on a property as a primary residence(nonday the 4th). We currently have a duplex and our current house will also be rented out once we move. We are supposed to close on Monday. The lender is asking me to create a fake lease and have a friend sign it to close. Is this a thing? It seems unethical and I don't like it. Are there any other ways to show the income without a signed lease?
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Julien Jeannot
#4 House Hacking Contributor
#4 House Hacking Contributor
- CPA, Real Estate Broker & Investor
- Seattle & Woodinville, WA
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Julien Jeannot#4 House Hacking Contributor
#4 House Hacking Contributor
- CPA, Real Estate Broker & Investor
- Seattle & Woodinville, WA
No... fraud isn't a good business practice.