Re: Larger down payment credit

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Posted by Terry on January 27, 1999 at 06:34:34:

In Reply to: Larger down payment credit posted by Ronn on January 06, 1999 at 17:02:57:

I used to see this done all the time in the early 80's in Texas. It wasn't really leagal then, but that didn't keep it from being done. It was called "dipping". It's not an ethical practice but I'm sure it is still being done. The best idea would be to get the seller to take back a second trust Note for the difference. I personally would not do this.

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