That's a little thing we like to call FRAUD.

I think it would only be right, being they dont want the real estate, and you dont want to be accused of fraud by covering it up.

have your lawyers write an addendum to the purchase contract disclosing the amount which is the difference between the appraised value and what the seller actually wants... label it a marketing consulting fee to a XYZ company.the key to cash back is the relationship your lawyer has with title company. have your seller order title through your attorney and everything is fine.good luck and if you need clarificaiton let me know...This is advice for how to commit mortgage fraud.

They insisted on using a different title company and I suspect mortgage fraud which the buyers were involved in.

Doing this right = great savings, but doing it wrong = possible fraud, fines, and jail time.

A healthy dose of cynicism, some double identities, and an all out goood time!

But if the person who bought it could show (or at least convince a jury whether it be true or not) that you represented that you did have some property rights to that building, you might be looking at fraud charges.

Yes,If you're claiming it's a personal residence when in fact it is a rental, that's MORTGAGE FRAUD!

It looks like fraud to me!

If you have two houses that are identical and one is 30 years old that needs work and the other is 40 yrs. old house that was just remodeled then the 40 yr. old has less depreciation.