A practice of employing a straw buyer in order to purchase real property. When the real buyer is unable to get financing for the purchase of real estate, he compensates another person (straw buyer) to pretend to be a legitimate buyer. This transaction is illegal when it is done in order to defraud banks or other financing institutions.
Related information about straw buying:
- Straw Buying Definition | Investopedia
When an individual makes a purchase on behalf of someone who otherwise would be unable to make the purchase, and the purchaser has no intention of using ...
- Straw Buyer Definition | Investopedia
Straw buying is sometimes used in large purchases, such as buying homes and automobiles, where the real buyer has poor credit and is unable to obtain ...
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Mar 12, 2007 ... With straw-buying however, the victims themselves give up their information willingly. Straw-buying is a scam that preys on the natural greed ...
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Sep 11, 2007... (I intend to occupy the property) to the lender at the time of application. A Recent Straw Buyer Scheme · A Fair Definition of Straw Buying ...
- Straw Buying: Definition from Answers.com
Straw Buying When an individual makes a purchase on behalf of someone who otherwise would be unable to make the purchase, and the purchaser has no ...
- What is straw buying? definition and meaning
Definition of straw buying: A practice of employing a straw buyer in order to purchase real property. When the real buyer is unable to get financing for the ...
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Scammers have convinced unsuspecting people that safety order Finasteride straw buying is a common and legal way to invest in real estate. Scammers ...
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Mar 20, 2012 ... Undercover federal agents watched a woman in pink buy a .38-caliber Smith & Wesson handgun at the Palm Beach County Gun & Knife Show ...