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Updated over 17 years ago on . Most recent reply

Autavea Dabney's profile image
Autavea Dabney's profile image
Autavea Dabney
  • Real Estate Investor
  • from Atlanta, GA
  • Member since Jan 29, 2008
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Autavea Dabney's profile image
Autavea Dabney's profile image
Autavea Dabney
  • Real Estate Investor
  • from Atlanta, GA
  • Member since Jan 29, 2008
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Autavea Dabney
  • Real Estate Investor
  • Atlanta, GA
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Starting Out

Cash Back

Autavea Dabney
  • Real Estate Investor
  • Atlanta, GA
Posted

I have been doing some research on cash back at closing. I have found different opinions as to the legality of such transactions. What I am consistently finding is the purchase price is inflated fraudulently so the loan is given to a property that does not have the value on the contract. What if the value on the contract is the actual value and not fraud? I have not found discussions on the value of the contract being the true value. Any opinions?

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