Posted by MBCA on 10/29/05 7:57pm
Msg #73043

Borrower Refused to Sign the 4506T

Yesterday at a signing (refi of investment property) The borrower refused to sign the 4506T. She said that in the past it had always triggered an audit from the IRS. Her attorney told her that she didn't have to sign. I put a note on the document and had the borrower sign it. Has anyone else out there had this happend to them?

Reply by Kelly M Robertson on 10/29/05 8:49pm
Msg #73049

Tons of times. I just ask the borrower(s) to put a note right on the doc indicating they have refused to sign it... then I make sure I put a note as a reminder in my journal.

Reply by NY_TaxLady on 10/30/05 12:08am
Msg #73055

She might trigger an audit if she doesn't sign it. Also her loan might not fund. A few years back the IRS and the mortgage companies made a pack that they could trade information. I believe it was to catch all those tax cheats that dealt in cash. They wanted a more expensive home, So what they filed with the IRS didn't match what they gave the mortgage companies.

Reply by Paul_IL on 10/30/05 11:51pm
Msg #73172

Just curious but what makes you think you know more than her tax attorney?