Welcome to City-Data.com Forum!
U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > New Jersey
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 03-07-2008, 04:51 PM
 
1 posts, read 2,140 times
Reputation: 10

Advertisements

Is it fraud to come to the settlement table on a commercial loan with fictitious leases and overstated amounts of the other lease to get more money for the building you are selling...based on these leases? If so, what recourse does the buyer have?

Frustrated
Reply With Quote Quick reply to this message

 
Old 03-07-2008, 06:37 PM
 
Location: High Bridge
2,736 posts, read 9,671,561 times
Reputation: 673
Quote:
Originally Posted by Tijahe View Post
Is it fraud to come to the settlement table on a commercial loan with fictitious leases and overstated amounts of the other lease to get more money for the building you are selling...based on these leases? If so, what recourse does the buyer have?

Frustrated
Probably - I would immediately recommend speaking with a lawyer who specializes in commercial real estate.
Reply With Quote Quick reply to this message
Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Settings
X
Data:
Loading data...
Based on 2000-2020 data
Loading data...

123
Hide US histogram


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > New Jersey
Similar Threads

All times are GMT -6. The time now is 12:38 PM.

© 2005-2024, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top