california license 21556 copyright © 2010
CASE STUDY:
Issue:
Our client, a government entity retained us to determine the status of a family that purchased a new house through HUD.
Investigation:
Our investigation, via database research and surveillance revealed:
(1) The husband and wife, both licensed professionals in the medical field, reported only one income to qualify for the HUD home.
(2) They took out a substantial 2nd mortgage on the HUD house and used the funds to purchase & live in another new house worth over $500,000.
(3) The subject’s rented the HUD house to another family.
(4) Additionally, they had a third source of unreported income, they operated an
in-