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Antar emphasizes that the mortgage documents indicated James intended the Perrone Avenue property as a second home, which she claimed on her tax returns, stating she would spend zero days annually there. She also reported earning rental income from the property, a detail inconsistent with the mortgage rate terms that suggested it was an investment rather than a primary residence.
The inconsistency between her tax filings and mortgage disclosures points to possible misreporting. James did not disclose the true nature of her ownership or use of the property, potentially to obtain favorable loan terms or evade tax obligations.