If you obtain a loan an the representative knowly falsefies your employment information , can you legaly get it wrote off?
2007-02-14 03:01:59 · 4 answers · asked by Linda S 1 in Business & Finance ➔ Credit
You'd have a hard time charging the loan officer's organization with fraud, since the fraud benefitted you (you got the loan). You're on the hook, and since you knowingly let the loan officer falsify that information, their organization could actually come after you for fraud if you default on the loan...
2007-02-14 03:12:16 · answer #1 · answered by morlock825 4 · 0⤊ 0⤋
You obviously let them falsify it. This is why you cant afford the home and want some stupid loophole to get out. This is why you should not lie. Your getting what you deserve. May sound harsh, but its the truth. (which you should of told when obtaining the loan)
You may actually get your loan called in in full if you pursue this matter since you signed a document at the closing stating all the info you gave the bank is true. To include your current employment at the time.
I would leave it alone.
Good Luck,
RE Agent,
Remax
2007-02-14 04:16:54 · answer #2 · answered by frankie b 5 · 0⤊ 0⤋
No way. YOu could go to court and try, but the only person who gets in trouble is the loan officer. There are a few very simple questions that you'll answer:
1) did you want the loan?
2) did you get the rate you thought you were getting?
Okay you still have to pay!!
2007-02-14 04:43:49 · answer #3 · answered by Anonymous · 0⤊ 0⤋
If they knownly falsified information, that would have had to come from you. They would probably get fired but you would still owe the loan. You could actually be guilty of fraud and not only would you still be on the hook for the loan, but they could call the loan. This would require you to make full payment immediately.
2007-02-14 03:25:43 · answer #4 · answered by OC1999 7 · 1⤊ 0⤋