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Deductions & credits
"Do you advise I speak with an attorney? The home is on the market for 250K but the buyer wants to borrow 300K with me granting a 50K concession."
I think I can see what's going on here. The buyer is probably not being honest with their lender and is trying to get $50K more as a mortgage loan by telling their lender the selling price is $50K more than it really is. Do not agree to this, or you "could" be implicated in the future in what I see as potential loan fraud.
I think I can see what's going on here. The buyer is probably not being honest with their lender and is trying to get $50K more as a mortgage loan by telling their lender the selling price is $50K more than it really is. Do not agree to this, or you "could" be implicated in the future in what I see as potential loan fraud.
‎June 4, 2019
12:48 PM