proman

Homebuilders Try All Kinds Of Upgrades

The "free car" doesn't make a lot of sense from either a buyer's or lender's perspective. For lending purposes, the value of the car will need to be deducted from the purchase price of the house. The result is a lower loan amount and a corresponding higher down payment. If the "free car" is not disclosed to the lender, the regional builders could be looking at a civil and/or ciminal fraud action. Once buyer's realize that the "free car" offer is really a poorly designed bait and switch scheme, complaints to the local Department of Real Estate will commence.