I bought my home in December of 09. I paid what the appraisal went for and got the bank loan. At the same time the guy selling the house said it was worth more so he would sell it for the appraisal price and take out an 2nd for an additional 7k that the banks didnt know about to make up for what he thought the house is worth. So each month I'm making my house payment and paying this guy back 100.00 on top of that. He went through a lawyer when he set the papers up. Is this legal in North Carolina?