would this be illegal? I need some quick advice.

This may seem like a stupid question to most if not all of you but I don’t know who else to talk to about this. I talked to a friend and they seemed to think that it would look like a scam.

I sold a property to a family member who fixed it up to be her primary residence. Its been a over a year and I want to buy it back. At the time I sold it I wasn’t financially able to do any work on it. I am really emotionally attached to this home. I would even sell her my current residence so I can purchase this home. Would it be bad business for me to purchase this property back from her? What do you think? Does it sound like a scam. I don’t want to go to jail for making an offer on a property!

Thanks in advance for your input!
alton, il

Why would this be illegal? It is not different in my eye’s from you asking to buy the house or asking to buy a car or a dog! If the seller would sell and the buyer want’s to buy there is a deal if she say’s no and you try to force the issue then there might be a problem other then that try to make a deal!

I don’t see a problem with it either. Is there something your not telling us that would qualify it as a scam?

I agree…as long as the transfers back and forth are not some sort of an attempt to artificially inflate the price so as to cause some sort of a mortgage fraud.


Thanks Keith and Reoconultant,

I appreciate your input. And Diane I’m telling the story like it is. Like I said in the first post, I asked the question because someone told me it would look like a scam. I only wanted to get as many outside opinions as I could before I made a move.

Thanks again,