Did Bryan Caforio Commit Mortgage Fraud By Running For Congress?

New reports on Bryan Caforio’s carpetbagging into CA-25 reveal that Caforio may have committed mortgage fraud by moving out of his LA home to run for Congress within a year of signing his mortgage. From the Antelope Valley Press:

“The $767,200 mortgage deed, which was notarized and filed May 19 with the Los Angeles County Registrar-Recorder’s Office, said Caforio and his wife, Lisa, are required to occupy the home in Los Angeles’ Fairfax District for a minimum of a year.”

Caforio’s mortgage was notarized on May 19th, 2015 and he registered to vote in CA-25 just six months later on November 29^th, 2015, according to local officials.

According to mortgage experts, “Violating your occupancy clause is a form of mortgage fraud.”

Was Caforio in such a hurry to run for Congress that he did not fulfill the terms of his mortgage and committed mortgage fraud?

NRCC Comment: “In his haste to leave Beverly Hills to run for Congress, did Bryan Caforio violate the terms of his mortgage and commit mortgage fraud? It’s no secret Washington Democrats pushed Caforio to carpetbag into the 25^th District, but this new report raises serious questions that Caforio needs to answer.” – NRCC Spokesman Zach Hunter