How to purchase a property and get Cash Back?

Answers:2   |   LastUpdateAt:2012-09-22 18:31:02  

Question
travie
Asked at 2012-09-06 06:47:04
I was told by a lender that has a way to obtain cash from a property undervalued . I said all I had to do is have the dealer write an annex that will pay X amount for me (the buyer ) 24 hours after the loan has been funded . All I had to do was to legalize the addendum dated 1 day after the purchase contact . He said the lender did not mention that this is between you and the seller , because I hate to see such a thing happen . Is this legal or is there something I need to consider before you make a bid ?
Answer1Alex WilliamsAnswered at 2012-08-06 00:00:03
Uncle secure email me whenever you need somethign and IL email or when I have somthing
Answer2TrentonAnswered at 2012-09-07 00:25:02
Have fun in jail !
Answer3LoeAnswered at 2012-09-22 18:31:02
that's called mortgage fraud. There are ways to get cash at closing, but that's not the way you suggest . Read the article then will be explained .
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