Regardless of politics, it's pretty insane that in America you can self-declare the value of a home then get a mortgage based on that value no questions asked and then be accused of fraud further down the line lmao. I'm surprised this hasn't been abused before as a way of getting opponents in trouble with the law.
>>60848828
It was used before, against Trump. Except in his case it was super obvious it was a bullshit charge, and in her case, there is much more evidence against her.
>>60848828 >Person: I believe my home is worth this much >Bank: Seems right, here's a mortgage for that amount. Don't forget to pay tip on the interest >Person 1 and the bank shake hands and seal the deal >Europeans: OY! WHERES DA GUVMINT!?!
Lmao. You people are slaves.
>>60848828
Due diligence is a bank responsibility. I don't see a problem with giving whatever you "think" it's worth, as long as you're not giving fraudulent information for them to run their own numbers. The democrats prosecuted Trump for mortgage fraud and the bank he worked with said nothing was wrong and that they'd do business with him again.
>>60848849 >Person 1 and the bank shake hands and seal the deal
Except it doesn't end there does it? If people are being accused of defrauding the bank afterwards in what almost seems like a trap. It's not so much about the government getting involved but the bank being the party responsible for appraising the value of a property they're about to accept as collateral for a massive loan.