Quote:
Originally posted by red-beard
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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Not that I'm really for _ANY_ increase in the gov't fingers in my pie...