> My nephew is now 20. When he was 5... So that was 15 years ago when these mortgages were taken out in his name? Placing it between 2007 and 2008. That's bas

> My nephew is now 20. When he was 5... So that was 15 years ago when these mortgages were taken out in his name? Placing it between 2007 and 2008. That's basically right at the inflection point when the housing market had gotten out of control and started crashing down. This was caused because anyone could get a mortgage, regardless of whether they could afford it or who they were. The banks were accused of doing zero due diligence. In some cases no income verification, no identity verification, no job verification, etc.. You could take a mortgage out in your dogs name, and also apparently a 5 year old's name too. I like to think that the system is better now, but that's probably a fantasy.