Updated about 10 years ago on . Most recent reply
Fannie Mae 20%
If I am buying a house for 20K, FNMA says I can't sell it for more than 20% in less than 90 days. I have a buyer for 25K. I am going to sell the seller some construction items to be included in the sale. So, sale price 23,9999, with the sale of construction materials included of 1,001.00. I am legitimately selling him over 1000 in retail of products to use on the house. Does anyone have any suggestions or is this above board?