Hello everyone,I asked in another forum how I could take over a mortgage loan (37K ) (home value 100-120k) for a disabled family member was told the best course of action is "to find a local lender familiar with the nuances of gifts of equity AND the "principal residence guidelines apply if..." exceptions for if/when you are providing housing for a disabled/sick/retired parent (which you ARE doing it sounds like, so this isn't being sneaky or fraudulent).

It would be fraudulent to obtain an owner occupied loan with that low rate and immediately rent it out however you can't go the commercial lending route without a tenant lined up.  

This company is FRAUDULENT.

I served in the United States Marine Corps for five years as a Scout Sniper and completed two combat tours to Afghanistan.

My husband is a combat veteran, a former building contractor, and currently is in management in an oil company.

So the mortgage, taxes/insurance, and all general costs of operations are covered entirely by the renters, PLUS I typically add about $50 a month to the principal payment of each mortgage, which leaves me with $4300 in passive income.In my opinion, inflation rates are extremely understated, please see these two articles that drive the point home:http://www.businessinsider.com/if-people-knew-the-...https://www.zerohedge.com/news/2017-05-09/devonshi...Essentially, in times when the dollar is depreciating rapidly, in our situation due to excessive years of "easy money" and quantitative easing by the Fed, low fixed-rate debt is the best tool to combat inflation.

If the "something done under the business name" has already transpired, meaning something bad happened (like there is a current suit or claim) that already happened, then what you describe could be considered a fraudulent transfer in my state.

I asked why I should believe that was any more likely than the opposite scenario; that they decided to submit a falsified tax return with higher income in order to fraudulently entice a lender to make a loan.  

Most realtors know all about the fraudulent POF you can print off the internet.

Wouldn't you then be foreclosing on a satisfied note, perhaps fraudulently?