Question by jellofosho: how likely would you be audited if you apply for a low doc loan?
in todays market (july 2008) what percentage of low doc loans are audited?
Best answer:
Answer by Bridget H
Audited by who?
I am assuming low doc means low loan amout also.
Regulators? Not very likely.
Internal audit? Probably just as likely as any other.
What do you think? Answer below!
