We named Wells Fargo mortgage to determine what type of funding may be open to us considering the fact that my company was prepared to provide deposit assistance within the type of an equity sharing agreement. Their bankis representative recommended us to-go with and FHA mortgage and offered me Something Special Notice for my company to signal. Our company examined this out with a lawyer and was informed that in no world may an equity share be described as a present. If we'd authorized that notice, my company and that I might have been punished for mortgage scam.
Possibly the Wells Fargo bankis repetition we caused was greatly blind to fundamental property funding guidelines OR she intentionally tried to convince us to complete anything illegal. The truth that all of this found lighting directly after we had created an offer and had a purchase agreement created this really uncomfortable and annoying for all of US, the vendor, our agent and everyone concerned.
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