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Foreclosure Over Selling? A Homebuyer Warns Of A New Tactic: Sellers Are 'Hiding Overdue Mortgage Payments And Backing Out On Closing Day'
Yahoo Finance· 2025-10-01 14:16
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. A frustrated homebuyer has shared a warning for others in the market after losing out on a home purchase due to what they call a shady seller tactic: pretending to sell a home while “hiding overdue mortgage payments and then backing out on closing day.” Nowhere Else To Go? The Reddit user detailed the ordeal in a recent post. They were first-time buyers with an all-cash offer on a 1990s single-family home ...