The Motley Fool Discussion Boards	Previous Page
Personal Finances / Buying or Selling a Home
URL: https://boards.fool.com/those-letters-are-the-height-of-stupidity-they-34307046.aspx
Subject: Re: Mortgage	Date: 9/30/2019 11:22 PM
Author: Rayvt	Number: 129270 of 129289
Those letters are the height of stupidity. They prove absolutely nothing and yet are in such demand. No doubt just proof that they asked the question. I used to think so, that they were stupid. But then I thought some of the questions on the ATF 4473 form were stupid, too. "Are you buying this gun for somebody else?" "Are you a fugitive from justice?" "Are you a felon?" "Are you in the US legally?" Then I realized---they are not asking these dumb questions to get the answer. They are asking them so that they can also charge you with perjury if you ever get charged with a violation. That's how Martha Steward spend a few months in Federal Prison---not for the securities violation (they couldn't have gotten her on that), but for lying on a SEC questionnaire. Look at all those loan papers you sign. One of them warns you that lying on any of the forms is a Federal offense for perjury. If the loan goes into foreclosure, they will go over those forms with a fine-tooth comb to see where you lied.
Copyright 1996-2019 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us