Is it possible to buy a property with a fake deposit? I.e buy a property for 300000. Owner agrees to write in the contract that the purchase price is 400k and that buyer has already "paid" 100k. Buyer goes to bank and gets loan for 330k, pays seller 300k plus any extra expenses seller incurs due to 400k contract. End result is buyer gets a property for no deposit, seller gets a quick sale. Anyone ever done this or is this illegal?