Jim the Realtor has posted about some not-so-legit cases – where it’s NOT listed on the HUD report.

I think the OP has the right attitude – to not do it if it’s not recorded and listed.

From what I’ve read – there are times the 1st lender figures if you’ve got $20k more – they get it… After all, they’re first in line.

What it comes down to – is it still in the price range you’re willing to pay at $20k more. Can you get the 1st to accept payment to the 2nd… If both of those are ok – then go for it.