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We had to go "No Doc"/Stated Income when we moved to Houston, because my wife's busniess had been operating less than 2 years. That was the real purpose for these loans.
For someone to state income they do not have, or are hiding from the IRS, maybe something as simple as a form that GOES TO the IRS when you make a stated income. This should be an audit flag if what you are stating and what you are telling the IRS are 2 different things.
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James
The pessimist complains about the wind; the optimist expects it to change; the engineer adjusts the sails.- William Arthur Ward (1921-1994)
Red-beard for President, 2020
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