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[–]Tom_Bombadil[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

The scam to hide the faking home sale prices is called a "mortgage rate buy down".

The home sells for an inflated price, and the inflated price is then spent to reduce the monthly payment price by offsetting the actual interest rate.

It's like paying a higher loan, so you can spend 20% of that loan on the interest payment.

This creates the illusion of elevated prices on home sales, when the effective price has already fallen significantly.