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You just don't get it. The loan officer and the underwriter are not authorized to allow transactions outside of th HUD. That's like saying, it's okay, the cop was smoking pot with me. Even the title company put themselves at risk.
The lender knew, but not officially. Happens all the time. What you did wasn't strictly legal, but made sense to all parties, so they kept it off the official record. As long as everybody stays quiet and you pay your mortgage, nobody will ever know or care.
You are very naive if you think that lawyers never circumvent the law, though, especially in real estate.
The lender knew, but not officially. Happens all the time. What you did wasn't strictly legal, but made sense to all parties, so they kept it off the official record. As long as everybody stays quiet and you pay your mortgage, nobody will ever know or care.
You are very naive if you think that lawyers never circumvent the law, though, especially in real estate.
Exactly. But I love how all the amateur lawyers and know-it-alls got fired up.
It's done and over with. The lender allowed it. All lawyers determined it was legal. I will take their advice. But again, thanks for your opinion.
Quote:
Originally Posted by sonderella
The lender knew, but not officially. Happens all the time. What you did wasn't strictly legal, but made sense to all parties, so they kept it off the official record. As long as everybody stays quiet and you pay your mortgage, nobody will ever know or care.
You are very naive if you think that lawyers never circumvent the law, though, especially in real estate.
Quote:
Originally Posted by Sunflower--girl
Exactly. But I love how all the amateur lawyers and know-it-alls got fired up.
I love how the amateur criminals openly brag about their crimes on the internet.
I love it less how those crimes always make it harder for the honest people working in real estate.
I love how the amateur criminals openly brag about their crimes on the internet.
I love it less how those crimes always make it harder for the honest people working in real estate.
Give it up. Everyone else did. Including the lender, seller, realtors, and me. Maybe you should stick to real estate instead of dragging a dead horse around on the internet. Just a thought. Bye bye now.
Give it up. Everyone else did. Including the lender, seller, realtors, and me. Maybe you should stick to real estate instead of dragging a dead horse around on the internet. Just a thought. Bye bye now.
Here's another thought...
It is a worthy discussion, but certainly at this point, I can understand you would like to have it dropped.
You might even send a link to this thread to the attorneys, underwriter, MLO, and both agents.
See who gets back to you the fastest requesting that you try to get the thread pulled down.
When something is admittedly "not strictly legal," how actually "legal" is it?
And, other CD visitors can benefit from seeing conversation regarding manipulation of cash to avoid documentation on a HUD.
And, those folks who come by here routinely should see that there is a legitimate way to do business, and a "not strictly legal" and riskier way to do business.
Here's another thought...
It is a worthy discussion, but certainly at this point, I can understand you would like to have it dropped.
You might even send a link to this thread to the attorneys, underwriter, MLO, and both agents.
See who gets back to you the fastest requesting that you try to get the thread pulled down.
When something is admittedly "not strictly legal," how actually "legal" is it?
And, other CD visitors can benefit from seeing conversation regarding manipulation of cash to avoid documentation on a HUD.
And, those folks who come by here routinely should see that there is a legitimate way to do business, and a "not strictly legal" and riskier way to do business.
So I should be afraid? I am sure the FBI will get right on it. Whatever.
FYI - this transaction took place in the Carolinas.... That should keep you busy for a while.
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Bye bye now.
