Are you PREPARED to close or are you signing a contract to purchase using FRAUD BY INDUCEMENT?

The deceit is boosting the paycheck with the intent of manufacturing pay stubs to induce the bank to make a loan that it wouldn't otherwise do.

Because it was easy to induce tenant/buyers into such arrangements (with a minimal down payment) and easy to evict them using the forcible detainer process if they defaulted.

(fraud of inducement).

It is further stipulated there are no “hidden terms†or “special understandings†between the seller(s), buyer(s) or their agent(s) in order to entice, induce or otherwise defraud the seller’s mortgagee in this transaction.

Is the property located in a seismically-induced liquefaction zone?

., is losing residents: With the Litchfield hills and Connecticut in our rear-view mirror as we move our 101-year-old manufacturing company to South Carolina, we are nostalgic, excited, and disappointed.We love Torrington and Connecticut but not all the things the General Assembly and the governor have done to induce us to leave family and friends behind.

The lawsuits vary but the allegations include several counts of fraud, fraud in the inducement, promissory-estoppel, business opportunity deception, etc.I'm actually surprised there aren't more lawsuits; only a small percentage of the victims are represented since we know there are something like 200 plus victims and counting.

I know I can be good at this and immediately cleaning house of 2 rental incomes while moving in myself is definitely fear inducing.

I hope you get/learn a great lesson with your first deal.One thing not considered is that a seller CAN go after a buyer for fraud in the inducement.