sjrcpa
Level 15
05-30-2023
04:36 PM
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I'm actually surprised they caught this, but pleasantly.
One year, when the limit was $1 million + $100,000, and we applied the limits correctly for my client's $2.5 million mortgage, he got audited. We had to provide the closing statement, the loan agreement, and since he had the house built, the construction contract. There was probably some other stuff, too.
The more I know the more I don’t know.