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in a family-operated factory in Taiwan. Mr. Yang’s father passed
away in 1997.
In 1991, Mr. Yang incorporated “Torrance Consulting, Inc.”
(Torrance Consulting) under the laws of the State of California
for the purpose of engaging in contracting work. In 1993,
petitioners sold their home in California and moved to
Washington. On June 8, 1993, petitioners signed a home loan
application for residential property in Bellevue, Washington.
The application was signed under penalty of perjury.2 In the
application, petitioners reported gross monthly income of $7,000
from Torrance Consulting and gross monthly income of $1,000 from
dividends/interest. The address for Torrance Consulting that
petitioners put on their application was the same as their home
address. Petitioners also reported owning a business with a net
2The application the petitioners signed was a Freddie Mac
Form 65/Rev. 10/92 which contained the following certification
above petitioners’ signature:
Certification: I/We certify that the information
provided in this application is true and correct as of
the date set forth opposite my/our signature(s) on this
application and acknowledge my/our understanding that
any intentional or negligent misrepresentation(s) of
the information contained in this application may
result in civil liability and/or criminal penalties
including, but not limited to, fine or imprisonment or
both under the provisions of Title 18, United States
Code, Section 1001, et seq. and liability for monetary
damages to the Lender, its agents, successors and
assigns, insurers and any other person who may suffer
any loss due to reliance upon any misrepresentation
which I/we have made on this application.
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Last modified: May 25, 2011