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Foreclosure Forum |
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Re: Stated income loansIn Reply to: Re: Stated income loans posted by JK (the other JK) on November 15, 2008 at 6:44 AM Obviously, Alfred was talking about stated income loans. Who else but entrepreneurs (including real estate investors) can "lie" about income and assets? If a loan applicant can lie in the manner you described, s/he can do it full doc, too.
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