Posted by Ronn on January 06, 1999 at 17:02:57:
I recently read a little blurb that alluded to the possibility of negotiating a larger down credit with the seller.
Actual down = $5,000.00
Seller reported down = $10,000.00
Is this legal? How's it done? Are there any negative tax consequenses for the seller? Does it make any difference if the seller is holding a second with the bank holding the first?
Post a Followup