thewags05 t1_j7n37yk wrote
Reply to comment by HeyaShinyObject in These housing numbers are insane. In some towns the cost to buy a house is 10x the average salary. by LopsidedWafer3269
I bought a house with cash after I sold my current house and they asked for proof I have or at least would have the cash
Rockefor t1_j7niimk wrote
The guy who commented that saw a viral tiktok video that said you could do that. I asked my realtor if we could do that and he told me "absolutely not".
thewags05 t1_j7nlc6b wrote
Even if you could it would be pretty risky. If for whatever reason you didn't end up getting the mortgage you'd lose your deposit at a very minimum. Worst case you would end up being sued.
wittgensteins-boat t1_j7nll38 wrote
It is fraud to do so. Representing facts that are not true.
The seller can sue you for damages, and misrepresentation and for halting a sale that you could not fulfil on.
Viewing a single comment thread. View all comments