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Updated almost 12 years ago on . Most recent reply

Account Closed's profile image
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Account Closed
  • from Long Beach, California
  • Member since Mar 30, 2013
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Account Closed
  • from Long Beach, California
  • Member since Mar 30, 2013
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Account Closed
  • Long Beach, CA
5
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134
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Innovative Strategies

Logistics of a Seller Financing 100%

Account Closed
  • Long Beach, CA
Posted

Here is my scenario:

My bank requires a 25% downpayment.

The seller has agreed to finance the downpayment.

The bank requires the downpayment come from my own funds.

I don't have nor want to use my own funds.

How can I make this work?

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Don Konipol
#1 Innovative Strategies Contributor
  • Lender
  • The Woodlands, TX
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Don Konipol
#1 Innovative Strategies Contributor
  • Lender
  • The Woodlands, TX
Replied

Ky Sharp. Yes it is possible. Its called mortgage fraud.

  • Don Konipol
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