Is it fraud if I bought a second home and short saled the first because it wouldn't rent?

Asked about 3 years ago - Glendale, AZ

I bought a second home to down size with the intentions of renting my first, and can't rent it ,now I 'm force to short sale it. How do I protect myself against mortgage fraud .

Attorney answers (1)

  1. Robert H Nagle

    Contributor Level 10

    Answered . Honesty is always best to avoid any assertion of fraud. I'm guessing you are concerned about fraud with respect to the new home loan, so, assuming you made a good faith effort to rent out the property, I believe you should be fine should such a claim be made against you. But "mortgage fraud" has many meanings; it may be best to consult with a local attorney to make sure you truly are without risk.

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