Mortgage Fraud in Short Term Rentals: What Investors Need to Know

Summary

Carrie Risatti from The Short Term Shop discusses mortgage fraud in the context of short-term rentals. She explains that mortgage fraud is any untrue representation made to a bank about yourself, the property, or your financial situation. She also notes that mortgage fraud is a broad definition and that when things are going well, a lot of stuff gets ignored, but when things start going sideways, banks will start looking at everything with a magnifying glass.