needs to read a bit better
Its a shame that some here dont know the difference between ethics and reality or even understand what constitues illegal or unethical.
fact is, in no instance has any house purchase I have ever done ever been illegal,immoral, unethical, and I will daresay this guy is a idiot and a fool.
Its not unethical to not disclose information, when the information is not required per contract.
Some of my purchases required disclosure, some didnt.
And in the case of the above loan converted to cash, it was cash in fact by the time the bank needed to know.
the fact that orgin was a loan, was no longer relevant.
The $$ had already earned % on its own before the deal was finished.
Plus the reality that a few of my houses were in fact purchased from the very people you call the law, and in fact some where ethic-compliance officers.
Fact is your a fool, nothing wrong and nothing ethical...
the disclosure of $$ that was only part of a 20% was not even relevant to the bank.
Considering that as noted, it was part cash and part loan and then all cash by the time the deal was done.
And in other cases, where it remained as a loan on other part cash part loan deals, the disclosure was not always requested, and was not supplied unless required.
And since my brother is a expert on oklahoma law relating to disclosure on contracts, I think he is in a better position to know than the idiots in this forum.
