4 ms·
The dad wanted to pay less than the balance of the mortgage.
by Simon_says 7y ago
The dad wanted to pay less than the balance of the mortgage.
- gizmo686 7y agoWhich isn't normally a crime. The lender is allowed to forgive part of a loan if they want to. The borrower would owe taxes on the difference. Normally this comes up with people who aren't paying at all, where the lender (or owner of the mortgage) is happy to salvage any money from the loan, even if less then the face value.