Mortgaging the House to the Bank with the Intention of Not Repaying

Question
A person wanted to mortgage his house to the bank and take the money without intending to repay, and the bank takes the house. Is there a prohibition on that?
Answer
I say, and with God's help: This action involves deception and fraud, so it should not be done. If the value of the house is less than the loan, one sins by consuming unlawful money. And God knows best.
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