Poonacha U Bollera,
Agent, Edison, NJ
You can sell it as long as it is disclosed and both the buyers and sellers attorney know and agree to the details.
Lynn911.com Dallas Real Estate Agent,
Agent, Dallas, TX
It all depends on the lender how they want to proceed.
HOWEVER till they ask why bother to release info. which may muddy the waters.
GREAT QUESTION !
Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
972-699-9111
http://www.lynn911.com
HOWEVER till they ask why bother to release info. which may muddy the waters.
GREAT QUESTION !
Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
972-699-9111
http://www.lynn911.com
Bill Mcquown,
Agent, Rancho Santa Margarita, CA
Yes, they can. I have closed several short sales involving tenants and sellers.
Anna Brocco,
Agent, Nassau County, NY
Protect yourself and any other assets you may have--consult with an attorney who specializes in real estate, he/she will be your best source of information as it relates to your specific situation.
Linda Anderson,
Agent, Tennessee
I would consult an attorney, if your home is mortgaged it's my understanding the lender would have to know due to the fact someone else will be paying the mortgage. There is legal things that should be found out. If you short sale your property and you have to make sure you pay the payments or let the other person pay directly to the lender, but that is a legal question that an attorney will have to advise you.
Thanks and I hope this helps
Linda Anderson Franklin Tn
Thanks and I hope this helps
Linda Anderson Franklin Tn
Simon Hartland,
Agent, Franklin, TN
The potential danger here as I perceive it is that the seller may still be claiming that the residence in question is their personal residence. Depending upon who you are in the situation you might be exposing yourself to liability.
The answer to the simple question of can an owner short sell to a tenant is "yes" - the arms length requirement is designed to prevent me buying my brother's house and selling it back to him, not to prevent two parties from working the sale.
consult an attorney for legal answers - these are just my opinions.
The answer to the simple question of can an owner short sell to a tenant is "yes" - the arms length requirement is designed to prevent me buying my brother's house and selling it back to him, not to prevent two parties from working the sale.
consult an attorney for legal answers - these are just my opinions.
