is it fraud ?

markus

i know a friend who is bankcrupt , and about to lose her house also ,

she has changed her name and using her business has created some history for herself

and has obtained a mortgage in principal on another house and land,

is this achievable , she intends to sell some surrounding land on the new property and default on the mortgage and move abroad with the cash.

ive been her friend since childhood and would hate her to get into trouble , ive tried to reason with her but she is progressing with her plans regardless

Mr_helpful

markus wrote: »

i know a friend who is bankcrupt , and about to lose her house also ,

she has changed her name and using her business has created some history for herself

and has obtained a mortgage in principal on another house and land,

is this achievable , she intends to sell some surrounding land on the new property and default on the mortgage and move abroad with the cash.

ive been her friend since childhood and would hate her to get into trouble , ive tried to reason with her but she is progressing with her plans regardless

I think it is most likely fraud

JoeK_3

markus wrote: »

i know a friend who is bankcrupt , and about to lose her house also,

It is against the law not to declare that you have been bankrupt - Fraud

markus wrote: »

she has changed her name and using her business has created some history for herself

and has obtained a mortgage in principal on another house and land,

Fraud

markus wrote: »

is this achievable , she intends to sell some surrounding land on the new property and default on the mortgage and move abroad with the cash.

It is achievable fraudulantly!

markus wrote: »

ive been her friend since childhood and would hate her to get into trouble , ive tried to reason with her but she is progressing with her plans regardless

She is in trouble if found out!

JoeK