Falsified Verification of Deposit (to falsify income) #1

Williams added his client’s name to William’s own business checking account, and then included statements from that account with the mortgage application to mislead the lender into believing that the deposits in William’s own checking account actually represented the buyer’s income. Mortgage Broker Javier Sandoval with Equity Financial Resources adamantly claimed to a group of buyers and others that this practice was legal and also acceptable within the industry. This incident related to the purchase of property located on Downing Street in Denver, CO; VICTIM B.J.

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