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In her loan documents, James claimed her multi-family apartment building at Lafayette Avenue in Brooklyn had only four units, even though the official Certificate of Occupancy indicates five apartments.
This may seem a minor point, but James's false claim helped her obtain a 2.7% government-backed HAMP loan unavailable to landlords with more than four apartments in a given building. James also claimed financial hardship to qualify for the loan, despite an income of over $126,390 in 2011.
There seems to be a pattern of possible mortgage fraud in regard to Letitia James. New questions have now arisen about a home Letitia James purchased with her father, Robert James.
In the Spring of 1983, Letitia James was 24 and living in Brooklyn with her parents. She had graduated from CUNY's Lehman College in 1981. She would not begin law school at Howard University in Washington, DC, until the fall of 1984.
According to New York City Department of Finance records, on May 20, 1983, Letitia James and her father, Robert James, took out a real estate loan from Kadilac Funding Ltd. for $30,300 as "husband and wife." For the record, Letitia James' mother is Nellie James.
The husband-and-wife designation is clear and in capital letters on the very top of the first page of the loan document and on the signature page, which reads "ROBERT JAMES AND LETITIA JAMES, HIS WIFE."
This loan was used to purchase a small 888-square-foot two-story home at 114-04 Inwood Street in Queens, New York, likely for Letitia to live in.
Meanwhile, the deed for the property, executed on the same day, has a different designation. On the top, it says the property is being purchased by "ROBERT JAMES AND LETITIA JAMES, his daughter."
At the age of 24, Letitia James may have had trouble qualifying for a home loan as a single woman with little or no income.
The question for Ms. James is whether she and her father defrauded the mortgage company, Kadilac Funding, by pretending to be husband and wife in order to qualify for the loan.
The less likely alternative is that Letitia actually married her father. In this case, she would have been telling the truth both on the mortgage and on the deed—father/ daughter/ father/ daughter—shades of Chinatown, but the marriage would have been fraudulent. What is true is that Letitia has not married anyone else in the years since.