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A big question to ask out of this Richardson specuvestor mess is how far did the Congresswoman push the envelope to qualify for this second, foreclosed home in Sacramento? Did she falsify her income on a loan statement to qualify for the 100% loan that financed the now-defaulted home? Specuvestor Casey Serin is under investigation by the FBI for loan fraud tied to falsifying his income on loan documents after his much-publicized real estate speculating ‘career’ fell apart in the early days of the housing slowdown. Did the Representative do the same to acquire the Sacramento home?
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Original Source: feeds.feedburner.com/typepad
25 May, 2008| housingblogs |
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