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Originally Posted by automaton 3
Just thought I'd point out that if the allegations are true in that BMO lawsuit, some of the defendants were more than bending the rules...outright subversion might be more accurate.
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A few years ago, I've been approached by a friend's friend who's in the real estate industry. He proposed a deal to me to have my name on the mortgage and then he'll pay me some money for the effort. Can't remember the amount but it's like couple thousands a year. I asked who will pay for the mortgage, he said some investors or tenants will.
Of course, I have enough sense not to go through with any of this. But I think these BMO lawsuits must have something to do with a deal like this.