News out of Las Vegas courtesy of the Imperial Valley (California) News.
For those buying now, this is why you can’t try and finance furniture or other such items. Your loan is for the cost of the house and maybe your closing costs, depending on the particulars of the contract.
If you’re getting a check back at the end of the deal and it’s not for excess money you yourself put into the transaction, odds are it’s not kosher.
[tags]Phoenix real estate, mortgage fraud[/tags]