I have closed two of my OREO selling to Naca financed buyers.Naca allows the seller to buy down interest rate all the way to 1/2%... buyers must go to class and learn to manage money etc. they have a website just google it.. they were and are predominatly geared towards minority borrowers and very anti predatory lending.. to the point that they had on their website the CEO of many predatory lending companies home address and pictures of their Conneticut mansions it was pretty funny really.. very disjointed though and pretty tough to get a deal through.. they have certain loan limits and income limits.. not everyone can use them if you make too much money.the one I distinctly remember selling in Jackson MS  the buyer put no money down paid 110K I contributed about 15k to buy down the rate they got 1% and the lender is B of A in this case ..

Everything I found so far in Florida is very unprofessional, lacks transparency and feels very much like a scam.

And I decided not to go there because I didn't know if I bring the money I would never come back home'.Obviously, this is a scam.

What a scam. 

Once your number is on their list, you'll never hear the end of all sucker scams known to mankind.  

In an arms length deal, I'm shocked a seller would seller finance with the buyer putting "NO MONEY DOWN" All the late night real estate scams on TV were right, I was wrong.

Sounds like a scam.

If you find one then it's a scam and you definitely need an attorney involved drafting your paperwork.

"Non-refundable up-front deposit" being that much more than a normal appraisal fee even in my area, much less in the Carolinas, means that my BS/scam detector is pinging over here.Does that person have an NMLS license that you can look up at the NMLS Consumer Access website?

*IF* your analysis shows a cash flow at FMR, then anti-up for the down payment.