"The practice of buying property on behalf of someone else is called “straw buying,” and is often done when the real buyer has poor credit ratings. The real buyer will just reimburse the straw buyer and may even give an incentive to the latter for letting them “borrow” their good credit. While straw buying isn’t technically against the law, it can be used by fraudsters to buy properties that are illegal for them to purchase, as was the case above. No reliable Dallas, TX mortgage company will approach clients with offers that are too easy or too good to be true. Similarly, all incentives borne from shady dealings like straw buying should be rescinded on the spot. Leading companies, like Churchill Mortgage, offer honest and dedicated mortgage services to qualified people only with the reliable backgrounds on debt payments."
http://dallas.churchillmortgage.com/uncategorized/choose-only-trustworthy-dallas-mortgage-brokers-when-buying-a-home/
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