Đạo đứcCâu 329 / 400
Which combination on a purchase file is the STRONGEST red flag for occupancy fraud?
a.The borrower currently rents and is buying a first home to live in
b.The subject property is near the borrower's job
c.The borrower already owns and occupies a nearby home of similar value
d.The 'owner-occupied' subject property is hundreds of miles from the borrower's job and existing residence
Giải thích
An 'owner-occupied' property located far from the borrower's job and current home strongly suggests it will not truly be occupied, a classic occupancy-fraud red flag. Renting before a first purchase, buying near work, and owning a similar nearby home are consistent with legitimate occupancy plans.
Trích dẫn luật: Mortgage fraud red flagsLuyện miễn phí toàn bộ 400 câu hỏi — không cần đăng ký.
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