This was emailed to me by a reader. I have to wonder if this is allowed by the State Board of Accountancy?
During this boom it took three people to make a stated loan (or other toxic mortgage) happen. A lender, an appraiser and a CPA. We have already seen how things worked out for the lenders and appraisers.
The CPA had to issue a "CPA Comfort Letter". This letter provides "comfort" to the lender that that amounts stated on the loan documents are accurate for a stated income amount or stated assets:
*** New Lower Price ***
We Provide CPA Letters For Borrowers Who Do Their Own Tax Returns.
Web Site Tel. 818 248-8469
Close More Loans!
What We Do: With the increase in people preparing their own personal tax returns, and the banks requiring a letter from a Certified Public Accountant that the borrower is self-employed, we have filled the gap. Upon verification that the borrower has filed a Schedule C we will issue a letter from a Certified Public Account that the Borrower has been self-employed for the past two years.
Tel. 818 248-8469 Fax. 818 248-3081 Web Sit: www.cpaLetters.com email: info@cpaLetters.com
Other Possible reasons you may need our services:
1.) The CPA is a party to the transaction
2.) The CPA company is out of business
3.) The CPA died
4.) The CPA is no longer on good terms with the borrower
5.) The tax preparer is a bookkeeper, not a CPA