An Honest, Persistent, Real Estate Consultant,
Derek De Ville
De Ville Team
Office: (760) 244-5481
Toll Free Fax: 1-800-601-2965
Multiple Time Centurion Agent & Multi-Million Dollar Producer
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Typically, a Short Sale Lender requires an "arms-length" transaction. Including the Seller, the property may not be sold to anyone the seller has a close personal or business relationship with including family, friends, or in some cases, even neighbors. The Seller is normally required to sign a paper confirming a transactionâ€™s â€œarms-lengthâ€ status.
I'm not saying it can't happen, the current market still has my jaw dropping on occasion; however, expect the probability of an exception to this rule to be extremely low as this would incentivize transactions that may lack "good faith" intentions.