Today in the News Stories we have posted at least 4 articles concerning home ownership and fraud. Unscrupulous realtors and brokers working with document forgers etc. These articles have started me thinking about the mechanics of housing fraud.
I have started to believe that companies have to be providing dummied up documents to their illegals in order for the illegals to obtain mortgage loans. They have to know that numbers are no good because when they file the social security payments, the payments are kicked back. If they then prepare income verifications using these numbers are they are committing fraud? Do they collect the monies from the illegals pay and tell them they are filing taxes, then pocket the money, or do they remit it to the Social Security Admin. when they know the number doesn't work
I think this is far more involved that just hiring an illegal. Companies can be "forgiven" the crime of hiring an illegal, but what about the crimes committed in the process? What do you folks think?