In an attempt to get a lower mortgage rate on a vacation home in Longboat Key, Florida, one controversial elected prosecutor in a major U.S. city drafted a letter to United Wholesale Mortgage. At closing, the prosecutor signed the application for the $428,400 mortgage and attested to the accuracy of her answers in the application.
The problem?
She had not lived in Florida as she had claimed. She failed to disclose all her liabilities. She failed to disclose that she was delinquent in paying her federal taxes and that the IRS had a $45,022 tax lien against her. And the gift letter she provided to the mortgage company was also false.
Five months earlier, in an attempt to purchase a rental property in Kissimmee, Florida, the same prosecutor signed an application for a $490,500 mortgage from Cardinal Financial Co. According to the government, the prosecutor…
