2007-01-03 08:00:06 · 8 answers · asked by manna8888 1 in Business & Finance ➔ Personal Finance
It is probably possible, but it is also illegal.
2007-01-03 08:02:44 · answer #1 · answered by Nelson_DeVon 7 · 0⤊ 0⤋
It could never happen unless the person who applies for the loan has other sensitive information about the person. The lenders has ways of checking if the person is actually the person. and also at the closing the person will be asked to bring or provide a driver's liscense or other identification. i haven't seen it before so i'm saying NO. As invisible direct as to a site about it happening. A person by itself cannot do it but a group of people with a connection to a mortgage lender of course the could do it. The lenders itself checks the informations given by the client. other than that people with no connections with the mortgage industry cannot pull it off
2007-01-03 08:09:09 · answer #2 · answered by John T 2 · 0⤊ 0⤋
That's what they mean by identity theft. Someone who has your social security number usually has no problem getting identification in your name. It's fraud and its illegal, but it happens, and is happening with increasing frequency. They can't hold the person whos name was appropriated for it responsible, but when things like this happen, it often is a huge hassle to get the lenders to acknowledge that they have been had. My boss has had this happen to him twice (not the mortgage in his name, but things like credit card accounts opened in his name)...talk about someone who wasn't a happy camper for a while. Make sure people have a valid reason for asking for personal information. If I don't think someone asking for a social security number has a good enough reason...they don't get it. Suze Orman has a good article on Yahoo about locking up access to your credit report...that's a good way to stop identity theft.
2007-01-03 14:10:53 · answer #3 · answered by Alan 3 · 0⤊ 0⤋
Only if they had an ID that matched the name on the deed and paperwork. The title company requires ID to notarize the signature.
2007-01-03 08:07:42 · answer #4 · answered by schweetums 5 · 0⤊ 0⤋
NO since it requires ID before signing the note and deed of trust
2007-01-03 08:05:06 · answer #5 · answered by golferwhoworks 7 · 0⤊ 0⤋
that would be identity theft and illegal. It is possible if you have the persons ID,and all pertinent info. But the photo ID would have to pass.
2007-01-03 12:10:11 · answer #6 · answered by forum browser 1 · 0⤊ 0⤋
Yes, it happens a lot.
http://www.state.gov/m/ds/rls/76738.htm
2007-01-03 08:07:17 · answer #7 · answered by InvisibleWar 2 · 0⤊ 0⤋
This can happen. It is fraud and highly illegal.
2007-01-03 08:23:27 · answer #8 · answered by A T 2 · 0⤊ 0⤋