A:Unfortunately, you can't do that. You cannot overpay in order to inflate the value for a tax credit and then get money back. There are no loan programs that allow such cash back. Sorry. I suggest you find a home that is way undervalued at $80,000 but be careful, if there are a bunch of foreclosures in the area you may find the value is much lower than it once was. Good luck.
The Mortgage Buyer
