Hickory, NC asked in Real Estate Law for North Carolina

Q: Home builder wants to give us 100k to pay off our current home to be able to purchase his new home.

We are interested in a new home, but need to sell our current home 1st. Builder offered us 100k to pay off our home(we owe 83k) so that we can get the loan to buy the house he’s building. We would still have to sell our current home within 1 year, and give him 100k plus 3900 when ours sells, or interest would begin. Is this possible or a scam?

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1 Lawyer Answer
Will Blackton
Will Blackton
  • Raleigh, NC
  • Licensed in North Carolina

A: It's possible that this is not a scam; ensure you have your own attorney review all of the documents associated with the transaction.

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