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What is Reverse Occupancy
Borrower is a young first time homebuyer using rental income to purchase an investment home.
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What is a Strawbuyer
Borrower is purchasing property for another individual for money in return.
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What is Occupancy Fraud.
Borrower lives and works in TX and is refinancing property he owns in NC as primary home.
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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.
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What is a non-arm's length transaction.
Borrower is purchasing a property from a family member.
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