Home Selling in 07463 : Advice

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John Kruk, Real Estate Pro in Hackettstown, NJ
John Kruk answered:
Can I sell my house to a friend who will rent it back to me. I'm doing a short sale.
A "friend" is a tough one. I sell homes in an area where just about everyone knows eachother, so we would rarely see a true "arms length transaction". If you and your "friend" have no f ... more
0 votes Share Flag Mon Sep 15, 2014 Home Selling in 07463
Scott Godzyk, Real Estate Pro in 03109
Scott Godzyk answered:
my ex husband short saled the house I am now renting, the new owners want to sell the house. Can I purchase the house from him?
The only restriction may be if you were on the mortgage. Read the short sale paperwork for restrictions. If you wee not on the mortgage, you should have no liability to the amount short ... more
0 votes Share Flag Fri Sep 12, 2014 Home Selling in 07463
Steve Quinta…, Real Estate Pro in Albuquerque, NM
Steve Quintana answered:
If we have to short sell our house, how will it effect my membership in an LLC business?
Your LLC membership agreement may address insolvency or financial distress. If so, your situation would have to be analyzed under the terms of the membership agreement.
0 votes Share Flag Fri Sep 12, 2014 Home Selling in 07463
Steve Quinta…, Real Estate Pro in Albuquerque, NM
Steve Quintana answered:
Can a neighbor or friend purchase my home in a short sale?
The general answer is yes, your neighbor or friend can purchase your home in a short sale. Most short sale documentation has an arms-length transaction affidavit. Your proposed scenari ... more
0 votes Share Flag Fri Sep 12, 2014 Home Selling in 07463
Steve Quinta…, Real Estate Pro in Albuquerque, NM
Steve Quintana answered:
can i short sale my house to my girlfriend or friend and move back in?
Most short sale documentation has an arms-length transaction affidavit. Your proposed scenario would have to be compared with the affidavit.
0 votes Share Flag Fri Sep 12, 2014 Home Selling in 07463
Steve Quinta…, Real Estate Pro in Albuquerque, NM
Steve Quintana answered:
Is a short sale to a friend with the intention of buying back the property from them in a few years illegal?
Most short sale documentation has an arms-length transaction affidavit. Your proposed scenario would have to be compared with the affidavit.
0 votes Share Flag Fri Sep 12, 2014 Home Selling in 07463
12345, Home Seller in 07463
12345 answered:
part 2 Of can i short sale my house to my girlfriend and move back in...... She will be paying cash at market value
I will let everyone know how it works. Thanks for all the help
0 votes Share Flag Fri Mar 11, 2011 Home Selling in 07463
Jeremy Drobe…, Real Estate Pro in Kalamazoo, MI
Jeremy Drobeck answered:
Can a friend who buys then sells my short sale home to my sister, who would rent it to me.?? Would this be legal?
Just the fact that you have to ask that question, should tell you something. Why not just stay in your home? Or Just find a different home or better yet a place to rent until you can ... more
0 votes Share Flag Wed Oct 20, 2010 Home Selling in 07463
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