I want to try to qualify for a palm harbor manufactured home and was wondering if when I bring in my SE Tax forms from last year if they would verify them with the IRS. Is it a normal practice of mortgage lending? Or if there is even a way to do this?
Yes, they make you fill out IRS form 4506 and it may be verified with the IRS. With all the mortgage fraud in the last few years, they are verifying more and more tax returns with the IRS.
July 29th, 2010 at 11:09 pm
Yes, they make you fill out IRS form 4506 and it may be verified with the IRS. With all the mortgage fraud in the last few years, they are verifying more and more tax returns with the IRS.
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owner http://www.FreeCreditCard.info
July 29th, 2010 at 11:33 pm
Lenders lost a lot of money by not verifying such documents.
Just to make sure the lenders learned their lesson, the government is passing laws that they verify your income.
As stated above, it’s common practice to have you sign the 4506-T so they can get the IRS transcripts to confirm the numbers match the copy you give them.
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July 29th, 2010 at 11:43 pm
Yes, of course they verify them. They verify the last 2 years.
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July 30th, 2010 at 12:23 am
So is your real question if I fake a tax return will it be found out and the answer is absolutely without one single doubt!
It is called mortgage FRAUD
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