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Title using TaxId/SSN

  • Thread starter Thread starter Justice123
  • Start date Start date

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J

Justice123

Guest
What is the name of your state? MD
If a home is purchased and mortgage obtained using a business TaxId with good credit for a sole proprietorship, because of poor SSN credit report, can the title be changed to be in his SSN a few years later after showing a record of prompt payment?
 


cmorris

Member
You have another question about the same thing...Stick to one. But here is the same reply:

That is ILLEGAL!!!
"You could be charged and prosecuted for mail or wire fraud if you use the mail or telephone to apply for credit and provide false information. It's a federal crime to make false statements on a loan or credit application, to misrepresent your Social Security Number, and to obtain an Employer Identification Number from the Internal Revenue Service under false pretenses."
Source: http://www.ftc.gov/bcp/conline/pubs/credit/repair.htm
 

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