Asked in Law & Legal IssuesMortgagesHome Equity and RefinancingMathematical Finance
If a buyer wants a seller to increase the sale price of a home from 38000 to 75000 and give back 36600 to the seller for repairs at closing is this advisable from the seller's point of view?
October 11, 2005 1:06AM
This question gets a "whaaa??" In the U.S., such things are called "kickbacks" and are illegal unless documented (i.e. refund, money-back, etc.) Regardless of the circumstances, it would seem that the Buyer has alterior motives. Clarification would be required.