Jason Ingber
👤 SpeakerAppearances Over Time
Podcast Appearances
Yes.
No.
Of course, they had a slam dunk case on me too.
Why?
How did they even get –
And those borrowers – Describe straw man game again?
But straw man scam is like you – I say to you, Jason, listen.
I got a house that I'm buying for $500,000, but I can get it appraised at $800,000, and I can get you an $800,000 loan.
So there will be $300,000 left over.
The sellers agreed to jack it up to $800,000.
So we're going to buy it.
You're going to get a mortgage for $800,000.
We're going to pull out $300,000, and we're going to split it to $150,000.
Now, you're going to buy three of these types of properties.
You're going to end up making half a million dollars.
I'll make half a million dollars.
And then you just make a few payments and stop paying.
You're a straw man.
You're just somebody who's stepping into the situation.
You're a fake, kind of not fake person, but you're stepping into the situation as just kind of a go through.