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Foreclosure Forum |
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Re: Stated income loansIn Reply to: Re: Stated income loans posted by CC in OC on November 15, 2008 at 7:25 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. Huh? Stated Income existed for Wage Earners and the Self Employed. I'm really lost as to the point you are trying to make.
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