After buying a primary residence and not occupying it, New York AG Letitia James is facing mortgage fraud accusations. Today’s video covers the details of the case, but more importantly, what James’ could have done to avoid being in this situation-and how you can too. David and Christian cover common mortgage note violations, how people get in trouble, and what to ask your loan officer. They also cover different loan types and what those individual loans do, and do not, allow you to do with and use the property for. You’ll get strategies, advice, and insight in today’s show about loan options and how to use them to your advantage! Chapters 00:00 Understanding Mortgage Fraud: Common Misconceptions 02:56 Legal Obligations of Primary Residence Loans 05:57 Occupancy Fraud: What You Need to Know 08:55 The Risks of Misusing DSCR Loans 12:05 Real-Life Examples of Mortgage Fraud 14:52 Navigating the Complexities of Short-Term Rentals 18:07 The Case of Letitia James: A Cautionary Tale 21:11 Understanding Second Home Loans 23:59 Final Thoughts on Avoiding Mortgage Fraud Subscribe to The David Greene Show! Apple: https://podcasts.apple.com/us/podcast... Spotify: https://open.spotify.com/show/5Nu6kCJ... Follow David: @DavidGreene DavidGreene24.com RealTalkRealEstate.com Podcast-The David Greene Show Spotify, Apple Podcasts Book a session with David: Help@DavidGreene24.com Ask a Question: DavidGreene24.com/ask Find me on the “minnect” app Real Estate University: SpartanLeague.com Join my Free Newsletter: Davidgreene24.com/textletter Finance Your Real Estate TheOneBrokerage.com Intake@TheOneBrokerage @theonebrokerage Free Textletter DavidGreene24.com/join STR Management STR@DavidGreene24.com Investor Retreat DavidGreene24.com/retreat
