Occupancy Duplicate Applications
100
What is Reverse Occupancy
Borrower is a young first time homebuyer using rental income to purchase an investment home.
200
What is a Strawbuyer
Borrower is purchasing property for another individual for money in return.
300
What is Occupancy Fraud.
Borrower lives and works in TX and is refinancing property he owns in NC as primary home.
400
What is a RELO loan.
Type of loan where borrower is moving to another state with employer and is receiving benefits from employer in transaction.
500
What is a non-arm's length transaction.
Borrower is purchasing a property from a family member.






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