There is a reason that insititutional lenders have an application process and if one lies in the process they may be held to have committed fraud.

Once you get caught though a history of non compliance, fraud or gross negligence can lead to substantial penalties with interest.

If you do anything to increase that debt for the purpose of evading or manipulating your true financial position, it's a sham transaction, it's still equity stripping and if the money was borrowed to increase your debt to evade a creditor or suit, it's flat out fraud.

(there would be full disclosure to avoid any fraud)

I also have them send me a pic, so if that's not the dog that shows up at the property upon move-in, I have that as proof of fraud.  

In a formal statement, Morris Invest blamed it on one of their partners in Indianapolis, but there are many reports that the same fraud is taking place in Jacksonville now.

In order to purchase a higher price property with lower down payment like 3.5% or 5% down payment, it must be a primary residence, not a rental property, and borrower must live in the primary residence for at least one year before rent it out, to avoid mortgage fraud...

Careers are often part of people's identity, their social circle and for some, their only network.

Couple of points that have not been discussed that Boston is using as a crutch of the case; 1) Boston is having an identity crisis with with regards to affordable housing or even an affordable rental market. 

Our situation sounds almost identical to yours.