InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
AI Subscribe Login/Register account icon
S&P 500
5,319.31
(
2.30%
)
US TECH 100
17,963.20
(
3.29%
)
Dow Jones
39,446.49
(
1.76%
)
Brent Oil
78.73
(
0.44%
)
Bitcoin
59,671.41
(
8.43%
)
Post# of 704019
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Keep Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

brightness

Send PM Follow Ignore
Followers 26
Posts 3063
Boards Moderated 0
Alias Born 07/07/2002

brightness

Member Level

Re: twelvebuttons post# 585409

Monday, 03/17/2008 12:11:15 AM

Monday, March 17, 2008 12:11:15 AM

Post# of 704019
>> How does the buyer "take" the remaining 700k?

The "buyer" takes the money (1.5mil) from the bank through "borrowing";gives 100k to the appraiser, 700k to the seller . . . with 700k remaining (i.e. a $700k "cash-back," how's that? ). . . any wonder why the borrower misses the first payment? There was never any intention to repay.

"Cash-back" is the very definition of fraud in house transactions.


Public Reply Private Reply New Post
Keep Last Read
Keep Last Read Next 10 Report Keyboard Shortcuts
Next 10 Prev Next
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up