is it possible for my brother buy my house and me his on a short sale?
my house I owe 305,000 but currently worth 180.00 almost same situation with him he is right next door to me is this possible ??
Answers (2)
Lucio - Short sale lenders will actually require you to sign something saying that you will not be selling it to anybody with certain relationship to you - same thing, to avoid conflict of interest - people then can use this to get out of the debt and keep the house in the family by helping each other out like you are trying to do..
This is not a right thing to do and it is not possible.
Sylvia
FIRST ANSWER
Lucio, Short Sale Lenders do not allow purchases by family members due to the conflict of intetest. All Short Sales are "Subject to Lender Approval." Best -Steve
Web Reference: http://www.Steven-Anthony.com
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