Posted by Tim on August 26, 2005 at 20:45:51:
It seems as if you are trying to intentionally mislead your lender. If the deal were to be challenged later, and document produced (original or copy) would be strong evidence that you were engaged in mortgage fraud. Ethics aside, you expose yourself to risk.
If no document is produced, this risk goes away. However, you expose yourself to the possibility that the seller will demand payment.
If it’s a good deal, a better solution will present itself.
Good luck friend.