Updated over 6 years ago on . Most recent reply
Padding the sales price to get seller to pay for repairs?
Hey everyone, I found this concept and want to know if it is a legit option:
- Has anyone done this before?
- Is this legal/possible?
- Will the bank allow this/do they even have to know?
Not concerned as much with whether this is a good idea/the risks involved because the situation I'm looking at is very unique. Buying a house from a family member (ARV $120,000, current mortgage $74,000... they just want to get out from under it) and trying to find a way to put as little cash into this as possible.