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Loan Modification

: The Truth About Mortgage.com

China: Fake Divorce to Get Around Mortgage Rules

By scot184

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Married couples in China have reportedly been divorcing each other to circumvent strict mortgage lending rules, according to Radio Free Asia. New regulations require first-time homebuyers to come up with a 30 percent down payment, while those looking to buy a second home need to come in with at least 50 percent of the purchase price. That’s [...]

Full post as published by The Truth About Mortgage.com on May 03, 2010 (boomark / email).

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