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so who here does not want to commit bank fraud I dont Im mark Stiles Im down here at Studio B at 892 with Tom McCoy and were talking about bank fraud what are we talking about really I want to talk briefly about the so called repair agreements what are these repair agreements okay so home buyer agrees to a purchase price with home seller and does their home inspection after conducting their home inspection theyve revealed that certain items need to be repaired by the seller and the seller has agreed to complete the items needed so what happens next we hide it from the bank right wrong you never hide anything from the bank but why is this happening because theres some extra work that needs to be done right so maybe theres invoices that need to be collected or maybe theres an extra document that needs to be signed at closing right that says Im satisfied Im the buyer seller completed the work and Im satisfied one document right but people feel as though theres this enormous ob
