Posted by James Harris on March 22, 2006 at 06:00:17:
I presume that you maybe a realtor. The information that you shared is a bit fuzzy. So I will attempt to answer this question… The buyer is bringing 10k to the table, your commission, I presume; hmmm. It appears as if the buyer is looking for down payment assistance, this is what happens when a down payment assistance company helps a buyer get into a home. The company offers to grant the buyer a down payment and the seller will have to donate the same amount plus a fee to the downpayment company. There are thousands of people doing this every day. I don’t think that it is fraud, however, I do not posses the legal knowledge on that. Hope this helps. One company you can check out that does this is Alpha assistance.