Veteran's Mortgage

[cjevans]

I know someone who is using his father's name (who is a veteran) for a Veteran's Home Mortgage...Isn't this illegal? I would like to turn him in. Annonymously of course...What do you think??? Plus the veteran died last year!!

[Philip Rogers]

Again, personally, I don't see a crime. Dave signed the papers, thus swearing to them. They were both involved, however, it's on the late father at this point. Once "Dave" died, John didn't need to pay the mortgage. John could probably never actually "own" the property, anyway.

Don't get me wrong, I believe in reporting criminals (ie: being a snitch). However, I don't report speeders unless they are driving dangerously. If I suspect a drunk driver I report it. I guess it's up to you! If I witness a crime I'll speak up. If I see a minor smoking, while I believe they should be punished, w/the parents, I leave it up to the police. I don't think he's a coniver, just using the law to his advantage.

When my Mom was alive she received about $700 a month in SS retirement. She helped me, thru her credit, during my 10 yr battle w/the VA and when I won, my credit was shot but her's was excellent. I bought her a house. She got the mortgage and I made the payments, by being on the note but not the deed. We were paying an outrageous 16.9% interest rate. Two yrs later she had a stroke, needed care I couldn't supply and needed to go to a nursing home. I let the house go into foreclosure, as I could never own it and she wasn't living there anymore. Was I a criminal or someone who loved his mother. None of you can judge me. I'm comfortable w/what we did. jmho

pr

Ok everyone, I've read all your replies. And your right I didn't explain enough. I'm not trying to get a real Veteran in trouble that's for sure. So I will try and explain this the best I can.

It's a distant relative. He is and always has been a coniver. I will use John as his name. John lived in one state (8 years ago), John's father (let's say Dave) is the veteran and lived in another state.

John bought the house and used Dave's name on all the paperwork and Dave signed everything acquiring the VA loan. Dave (the veteran) has NEVER lived in this house. Dave is now deceased last year.

John is now defaulting on the mortgage and waiting to get kicked out. John is in the process of buying another home under a friend's name.

I personally have seen John in action. He has minipulated the VA system this one time. I have seen him personally get away with all kinds of these kinds of situations. Buying cars in other names, other homes in different name and he has done this in three different states.

The main reason he was able to acquire his father's VA mortgage is because they have the same name. This was fairly easy to accomplish.

Your all probably right and I SHOULD MIND my own business. It's just that everyone fights for Veteran's and I don't like that some people take advantage. I know John and he takes whatever he can get and usually gets away with it.

Thanks again for your replies.

[jbasser]

If the fraud is a biggie then there may even be something in it for the caller.

Would it be nice to drop a dirt bag and get some green at the same time.

Bottom line it is your decision and you have to live with it.

Hang in there.

J

[BMCS00]

Again, personally, I don't see a crime. Dave signed the papers, thus swearing to them. They were both involved, however, it's on the late father at this point. Once "Dave" died, John didn't need to pay the mortgage. John could probably never actually "own" the property, anyway.

This kind of fraud frosts my cookies too! The crime, if there was one, I think would be for fraud, and for not reporting the veterans death to the appropriate authorities in settling his estate. Probate would have caused the sale of the house to settle the mortgage and any liens on the property. Had the son continued to pay the mortgage he would have most likely gotten away with it.

PR - I don't judge you. Sometimes you have to do what you have to do. I don't think your situation had a fraudulent intent when your mom took out the loan. She had the credit to get the loan, you helped make the payments. The bank doesn't care who makes the payment as long as it's made on time. You did it to help your mom, not for personal gain.

I'd make the call. The VA or whomever can sort out the details and see if a crime had been committed ...

--Jim

Life is good! :o

[sharon]

To Thine Own Self Be True Yet here, Laertes! Aboard, aboard for shame!The wind sits in the shoulder of your sail,And you are stay'd for.There ... my blessing with thee!And these few precepts in thy memoryLook thou character. Give thy thoughts no tongue,Nor any unproportion'd thought his act.Be thou familiar, but by no means vulgar.Those friends thou hast, and their adoption tried,Grapple them to thy soul with hoops of steel;But do not dull thy palm with entertainmentOf each new-hatch'd, unfledg’d comrade. BewareOf entrance to a quarrel but, being in,Bear't that th' opposed may beware of thee.Give every man thy ear, but few thy voice;Take each man's censure, but reserve thy judgement.Costly thy habit as thy purse can buy,But not express'd in fancy; rich, not gaudy;For the apparel oft proclaims the man;And they in France of the best rank and stationAre of a most select and generous chief in that.Neither a borrower, nor a lender be;For loan oft loses both itself and friend,And borrowing dulls the edge of husbandry.This above all: to thine own self be true,And it must follow, as the night the day,Thou canst not then be false to any man.Farewell; my blessing season this in thee! -- William Shakespeare

[cjevans]

Sharon what does all this really mean? What are you trying to tell me?

[Philip Rogers]

I think she's saying be true to yourself. It's your decision. Only you can decide. We all have our various levels of morality. You should do what you think is best. I'm generally very honest, however, I'm a survivor, too. If I was starving, w/no hope of getting something to eat and I found a wallet w/$20 in it, I "might" be inclined to take out some of the money, before dropping it in a mailbox, so it could be returned to the owner. I'm the one that must live w/my decision. jmo

pr

Sharon what does all this really mean? What are you trying to tell me?