easiest way to get $ back at closing from seller
I'm buying a multi unit in Milwaukee for 85k Valued at 110k. Seller is willing to give back the 25k at closing ( my 20% down) but I'm trying to figure out the best/legal way to do it. Lender will allow it for a 7-9% rate. Don't want to do that then refi for a better rate . I've been told i can do it if there's a second mortgage in place. So I was thinking about having them signing a second mortgage , non recorded, and he can pay it at closing. Can I put it in my name or do i have to put in someone else's name?
