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Updated about 1 year ago on . Most recent reply

Ben Freeman's profile image
Ben Freeman's profile image
Ben Freeman
  • Contractor
  • from Springboro OHIO
  • Member since Aug 17, 2015
  • Posts 7
  • Votes 3
  • Experience 8 Yrs
  • Investments 1
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7
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Ben Freeman's profile image
Ben Freeman's profile image
Ben Freeman
  • Contractor
  • from Springboro OHIO
  • Member since Aug 17, 2015
  • Posts 7
  • Votes 3
  • Experience 8 Yrs
  • Investments 1
Connect
Ben Freeman
  • Contractor
  • Springboro OHIO
3
Votes |
7
Posts
Buying & Selling Real Estate

Lender is asking me to create a fake lease to get to closing...

Ben Freeman
  • Contractor
  • Springboro OHIO
Posted

I am in the process of closing on a property as a primary residence(nonday the 4th). We currently have a duplex and our current house will also be rented out once we move. We are supposed to close on Monday. The lender is asking me to create a fake lease and have a friend sign it to close. Is this a thing? It seems unethical and I don't like it. Are there any other ways to show the income without a signed lease? 

  • Ben Freeman
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    Julien Jeannot's profile image
    Julien Jeannot's profile image
    Julien Jeannot
    • CPA, Real Estate Broker & Investor
    • from Seattle & Woodinville, WA
    • Member since Jan 2, 2016
    • Posts 757
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    User Stats

    757
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    Julien Jeannot's profile image
    Julien Jeannot's profile image
    Julien Jeannot
    • CPA, Real Estate Broker & Investor
    • from Seattle & Woodinville, WA
    • Member since Jan 2, 2016
    • Posts 757
    • Votes 1,041
    • Experience 17 Yrs
    • Investments 17
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    Julien Jeannot
    • CPA, Real Estate Broker & Investor
    • Seattle & Woodinville, WA
    1,041
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    Julien Jeannot
    • CPA, Real Estate Broker & Investor
    • Seattle & Woodinville, WA
    Replied

    @Ben Freeman

    No... fraud isn't a good business practice.

    3 Votes
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