I have absolutely no cognitive aptitude for criminal schemes, so I've been baffled trying to understand the apparently increasingly popular "straw buyer cash-back" mortgage fraud scam. But, while looking, I did stumble upon an equally stumped person who left this plaintive (and sadly unanswered) comment on the Mortgage Fraud website:
"Can someone please help me understand the straw purchaser situation? I have recently discovered that my b/f has changed his surname to his mother’s maiden name then either sold his house to himself in the new name OR he may have just put the house into that name without any type of financial transaction. Since I’m not familiar with how this works, I don’t want to confront him until I have all the facts. Am I on the right track with this or is this something harmless that he’s doing ‘just on paper?’ I’m extremely concerned that something fraudulent may be occurring."