Is inflating a payoff a CRIMINAL OFFENSE in GA?
FACT: Borrower asks lender a "favor" to increase their payoff as a way to get hundreds of thousands extra back but NOT given back at closing on HUD, rather under the table directly from lender to borrowers after lender received the inflated payoff.
Is this in fact considered Mortgage Fraud? Is it some other offense? If so, would both borrower and lender be charged the same or just one party? What could this mean for the lender if exposed to OCC or FDIC?
please reply with actual law codes if it’s criminal. Please add supporting links, documents or links to sources etc to your response if possible.
Most Popular Reply
From what I garner here....to me it seems like the title company just took your money, and distributed funds to a party they should not have because the property did not close. When the transaction didnt close, you simply should have received your funds back.
So what Im seeing here is the guilty party is probably the title company. Potentially the lender if they conspired with the title company.
Also as a side note....Youve been pretty passive aggressive and attacking to people trying to help you out, and simply understand the situation better. Be kind. It will go a long way.
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