Lisa cook mortgage fraud

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If you look at the arguments Abbe Lowell put forth in court, they make a lot of sense. He is addressing the inappropriateness of Trump using the fraud allegations as a means of asserting back-door control over the the Federal Reserve -- in this case, getting governors who wil give Trump the lower interest rates that he wishes for.

He is right to make this argument -- it needs to be made! This defense is in all our interests for the good of the system.

Meanwhile, there are reasons why someone can have two primary residences -- like if they buy a house for their parent. I have no idea if this is the situation for Lisa Cook. It does seem sketchy that she has made such data available if it exists. But Abbe Lowell is right that the most important issue here is the malicious nature of the allegations.

Then you can declare it as a second home (not main residence) and pay a higher mortgage rate. She didn’t. You cannot have two main residences. Only one.

Can you cite the law or regulation that says you cannot have two primary residences?

Still waiting for this…

Depends on the context. You can have two primary residences under very limited circumstances. Do those exist here? If not, they're irrelevant.

So there’s no such rule…

Absent those limited circumstances, the IRS and lending rules don't allow you to indicate two primary residences. You can hold two primary residence mortgages (secured far apart), but those aren't the facts here.

Do your own research (took me 5 minutes) before trying to play "gotcha" on an anonymous message board. Then again, you probably know the answer already but are waiting to pounce on anyone who tries to explain the rules to you.

IRD rules are totally irrelevant here. This had zip to do with taxes. I’m still waiting for this supposed rule that forbids this. Haven’t seen it yet.

[Anonymous]

Anonymous wrote:Half of Florida is doing this “primary” residence fraud with their original home back in MI, MN, NY, MD, etc.

The blue states need to go hard after auditing this. Why give these people any quarter?

They already do do this with people paying no taxes in Florida while living in their states.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I haven't read this full thread but . . .

After our youngest kid left for college we decided we wanted to move from the 'burbs into DC and bought a condo. When we applied for the mortgage we clicked the box that said we intended to make it our primary residence.

But after buying the place and before selling our house in the 'burbs we decided the condo would be too small and bought a row house in DC instead. We then arranged a mortgage for that place through the same lender. Not just the same company -- the same guy.

Again, we said we intended to use the newest purchase as our primary residence.

He didn't blink an eye or suggest that we had to go back and re-work the mortgage on the condo or that we somehow committed fraud or whatever. What mattered, he said, was at the time of both purchases -- which were only months apart -- we intended the place to be our primary residence.

We ended up rented the condo and eventually sold it.

Several years later we bought an investment property and refinanced the rowhome at the same time. Again, same lender. The interest rate on the investment property, was a whopping .175 percent higher. That's it.

This is all a red herring. A million things could have happened. He doesn't give a shit about her mortgage. He just wants to get rid of her.

Is honesty important to you?

What you did is completely illegal and not compliant with any underwriting guideline (guideline emphasized). More than likely, you financed your home through a short term mortgage finance company typically having pre-arranged engagements for larger servicers to purchase the loans. The broker was complicit and knew what he was doing and probably told you too. The initial company takes a chance the individual file won't be scrutinized for things like this even though it's against the rules. Typically, these files only come back when the loan goes into default.

I don't thing the lender really explains all this. They just want the signatures.

[Anonymous]

Anonymous wrote:Meanwhile Fed chair Powell could be removed for cause over his spending billions to renovate the Fed building. Who cares if the money is not from the Treasury.

That Fed building needs renovation to make it safer and more usable. Unlike Trump's renovation of turning the Rose Garden into a concrete parking lot. Basically, Trump is persecuting anyone who doesn't agree with him for any reason.

[Anonymous]

Anonymous wrote:Meanwhile Fed chair Powell could be removed for cause over his spending billions to renovate the Fed building. Who cares if the money is not from the Treasury.

Trump could be removed for cause for tanking the economy

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If you look at the arguments Abbe Lowell put forth in court, they make a lot of sense. He is addressing the inappropriateness of Trump using the fraud allegations as a means of asserting back-door control over the the Federal Reserve -- in this case, getting governors who wil give Trump the lower interest rates that he wishes for.

He is right to make this argument -- it needs to be made! This defense is in all our interests for the good of the system.

Meanwhile, there are reasons why someone can have two primary residences -- like if they buy a house for their parent. I have no idea if this is the situation for Lisa Cook. It does seem sketchy that she has made such data available if it exists. But Abbe Lowell is right that the most important issue here is the malicious nature of the allegations.

Then you can declare it as a second home (not main residence) and pay a higher mortgage rate. She didn’t. You cannot have two main residences. Only one.

Can you cite the law or regulation that says you cannot have two primary residences?

Still waiting for this…

Depends on the context. You can have two primary residences under very limited circumstances. Do those exist here? If not, they're irrelevant.

So there’s no such rule…

Absent those limited circumstances, the IRS and lending rules don't allow you to indicate two primary residences. You can hold two primary residence mortgages (secured far apart), but those aren't the facts here.

Do your own research (took me 5 minutes) before trying to play "gotcha" on an anonymous message board. Then again, you probably know the answer already but are waiting to pounce on anyone who tries to explain the rules to you.

IRD rules are totally irrelevant here. This had zip to do with taxes. I’m still waiting for this supposed rule that forbids this. Haven’t seen it yet.

So you're looking for a rule that says you can't lie on a mortgage application?

Or are you looking for FHA Handbook 4000.1? ("At least one Borrower must occupy the Property within 60 Days of signing the security instrument and intend to continue occupancy for at least one year". A Principal Residence refers to a dwelling where the Borrower maintains or will maintain their permanent place of abode, and which the Borrower typically occupies or will occupy for the majority of the calendar year. A person may have only one Principal Residence at any one time.")

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If you look at the arguments Abbe Lowell put forth in court, they make a lot of sense. He is addressing the inappropriateness of Trump using the fraud allegations as a means of asserting back-door control over the the Federal Reserve -- in this case, getting governors who wil give Trump the lower interest rates that he wishes for.

He is right to make this argument -- it needs to be made! This defense is in all our interests for the good of the system.

Meanwhile, there are reasons why someone can have two primary residences -- like if they buy a house for their parent. I have no idea if this is the situation for Lisa Cook. It does seem sketchy that she has made such data available if it exists. But Abbe Lowell is right that the most important issue here is the malicious nature of the allegations.

Then you can declare it as a second home (not main residence) and pay a higher mortgage rate. She didn’t. You cannot have two main residences. Only one.

Can you cite the law or regulation that says you cannot have two primary residences?

Still waiting for this…

Depends on the context. You can have two primary residences under very limited circumstances. Do those exist here? If not, they're irrelevant.

So there’s no such rule…

Absent those limited circumstances, the IRS and lending rules don't allow you to indicate two primary residences. You can hold two primary residence mortgages (secured far apart), but those aren't the facts here.

Do your own research (took me 5 minutes) before trying to play "gotcha" on an anonymous message board. Then again, you probably know the answer already but are waiting to pounce on anyone who tries to explain the rules to you.

IRD rules are totally irrelevant here. This had zip to do with taxes. I’m still waiting for this supposed rule that forbids this. Haven’t seen it yet.

So you're looking for a rule that says you can't lie on a mortgage application?

Or are you looking for FHA Handbook 4000.1? ("At least one Borrower must occupy the Property within 60 Days of signing the security instrument and intend to continue occupancy for at least one year". A Principal Residence refers to a dwelling where the Borrower maintains or will maintain their permanent place of abode, and which the Borrower typically occupies or will occupy for the majority of the calendar year. A person may have only one Principal Residence at any one time.")

So far as I can tell, she didn’t take an FHA loan so unclear why that handbook would be relevant.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If you look at the arguments Abbe Lowell put forth in court, they make a lot of sense. He is addressing the inappropriateness of Trump using the fraud allegations as a means of asserting back-door control over the the Federal Reserve -- in this case, getting governors who wil give Trump the lower interest rates that he wishes for.

He is right to make this argument -- it needs to be made! This defense is in all our interests for the good of the system.

Meanwhile, there are reasons why someone can have two primary residences -- like if they buy a house for their parent. I have no idea if this is the situation for Lisa Cook. It does seem sketchy that she has made such data available if it exists. But Abbe Lowell is right that the most important issue here is the malicious nature of the allegations.

Then you can declare it as a second home (not main residence) and pay a higher mortgage rate. She didn’t. You cannot have two main residences. Only one.

Can you cite the law or regulation that says you cannot have two primary residences?

Still waiting for this…

Depends on the context. You can have two primary residences under very limited circumstances. Do those exist here? If not, they're irrelevant.

So there’s no such rule…

Absent those limited circumstances, the IRS and lending rules don't allow you to indicate two primary residences. You can hold two primary residence mortgages (secured far apart), but those aren't the facts here.

Do your own research (took me 5 minutes) before trying to play "gotcha" on an anonymous message board. Then again, you probably know the answer already but are waiting to pounce on anyone who tries to explain the rules to you.

IRD rules are totally irrelevant here. This had zip to do with taxes. I’m still waiting for this supposed rule that forbids this. Haven’t seen it yet.

So you're looking for a rule that says you can't lie on a mortgage application?

Or are you looking for FHA Handbook 4000.1? ("At least one Borrower must occupy the Property within 60 Days of signing the security instrument and intend to continue occupancy for at least one year". A Principal Residence refers to a dwelling where the Borrower maintains or will maintain their permanent place of abode, and which the Borrower typically occupies or will occupy for the majority of the calendar year. A person may have only one Principal Residence at any one time.")

So far as I can tell, she didn’t take an FHA loan so unclear why that handbook would be relevant.

What are you basing this on?

What's available to you on the internet?

[Anonymous]

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If you look at the arguments Abbe Lowell put forth in court, they make a lot of sense. He is addressing the inappropriateness of Trump using the fraud allegations as a means of asserting back-door control over the the Federal Reserve -- in this case, getting governors who wil give Trump the lower interest rates that he wishes for.

He is right to make this argument -- it needs to be made! This defense is in all our interests for the good of the system.

Meanwhile, there are reasons why someone can have two primary residences -- like if they buy a house for their parent. I have no idea if this is the situation for Lisa Cook. It does seem sketchy that she has made such data available if it exists. But Abbe Lowell is right that the most important issue here is the malicious nature of the allegations.

Then you can declare it as a second home (not main residence) and pay a higher mortgage rate. She didn’t. You cannot have two main residences. Only one.

Can you cite the law or regulation that says you cannot have two primary residences?

Still waiting for this…

Depends on the context. You can have two primary residences under very limited circumstances. Do those exist here? If not, they're irrelevant.

So there’s no such rule…

Absent those limited circumstances, the IRS and lending rules don't allow you to indicate two primary residences. You can hold two primary residence mortgages (secured far apart), but those aren't the facts here.

Do your own research (took me 5 minutes) before trying to play "gotcha" on an anonymous message board. Then again, you probably know the answer already but are waiting to pounce on anyone who tries to explain the rules to you.

IRD rules are totally irrelevant here. This had zip to do with taxes. I’m still waiting for this supposed rule that forbids this. Haven’t seen it yet.

Why do you think they ask you about the purpose of the purchase when you make the loan application? Don’t be dumb.

[Anonymous]

Why did all the posts showing this whole story was fabricated get deleted?

[Anonymous]

Anonymous wrote:Why did all the posts showing this whole story was fabricated get deleted?

Those are on a different thread.

[Anonymous]

Unless you all think she was running an Ann Arbor Airbnb, it sure sounds like she purposely had a short term rental permit to keep the $6K annual primary homestead tax deduction. Only recently did she apply for a long term rental permit, per Detroit News:

Cook has maintained a principal residence exemption on her home in Ann Arbor since 2006. She also has the necessary permits to lease the home in the short term, city officials confirmed this week.
Ann Arbor requires homeowners in residential zones like Cook’s to have a PRE in order to obtain a short-term rental permit.

More recently, Cook submitted to the city an application to make her property a long-term rental, Ann Arbor Assessor Jerry Markey said Friday.
In Georgia, Fulton County records indicate there is no homestead exemption on Cook’s Atlanta condo.

[Anonymous]

Anonymous wrote:Why did all the posts showing this whole story was fabricated get deleted?

Those are on this thread here: https://www.dcurbanmom.com/jforum/posts/list/1289112.page

[Anonymous]

Anonymous wrote:Unless you all think she was running an Ann Arbor Airbnb, it sure sounds like she purposely had a short term rental permit to keep the $6K annual primary homestead tax deduction. Only recently did she apply for a long term rental permit, per Detroit News:

Cook has maintained a principal residence exemption on her home in Ann Arbor since 2006. She also has the necessary permits to lease the home in the short term, city officials confirmed this week.

Ann Arbor requires homeowners in residential zones like Cook’s to have a PRE in order to obtain a short-term rental permit.

More recently, Cook submitted to the city an application to make her property a long-term rental, Ann Arbor Assessor Jerry Markey said Friday.
In Georgia, Fulton County records indicate there is no homestead exemption on Cook’s Atlanta condo.

Paywall free link: https://archive.is/YQ4Ht