Government Investigates Real Estate Incentives
August 17, 2008
With the real estate slow down nationally, many persons that had homes to sell began offering various incentives to prospective purchasers to get their homes sold. Now, the government is investigating those real estate incentives. Some incentives under scrutiny include “free” cars, tuition assistance, and even cold hard cash. The FBI is checking as to whether those contributions and incentives artificially created an increased value in the value of the home which would in turn result in an inflated mortgage on the property.
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