If you're interested in speaking to a Realtor who has a lot of experience with short sales in the Bronx, and can help you make a decision and determine if a relative can buy it or not, please email or call me and I will provide you with the name and number of someone I've worked with and I know can help you as well. They also have short sale experienced attorneys who can help you along the way as well. Good luck!
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Senior Loan Officer
STERLING NATIONAL BANK
310 Crossways Park Drive
Woodbury, NY 11797
Unfortunately most short sales have to be conducted as an arm's length transaction which means the buyers and sellers of the home act independently and have no relationship to each other. The concept of an arm's length transaction is to ensure that both parties in the deal are acting in their own self interest and are not subject to any pressure or duress from the other party. Plus selling to a family member would lead to a bigger discount defeating the purpose of the bank getting as close to fair market value as possible.
If you have any other questions or concerns. Please don't hesitate to contact me.
Certified Buyer RepresentativeÂ® (CBR)
Certified Distressed Property ExpertÂ® (CDPE) "Saving families from foreclosure"
E-mail Address: email@example.com
EXIT REALTY SEARCH | 3928 E. Tremont Ave | Bronx | NY | 10465
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There will be no less than THREE documents you must sign, as well as EVERY professional involved in the transaction, attesting this home is not being sold to family, relative or that you, the seller, will derive ANY benefit. So not only would you have to commit perjury, you would take everyone involved down iwth you too.
Don't do it.
Best of success to you,
Annette Lawrence, Broker/Assoicate
Remax Relatec Group
Palm Harbor, FL
sell the house for in that particular market, so the bank will have to be ready and willing to accept a short sale, basically get some of the loan amount back through the short sale but not all of it......i.e they will
be short and take a loss, the bank that is!
Now it will make sense to you, that if the offer comes from a family member that the bank may not be
so sure that someone else would not pay more, or that this family member is just doing a kind of bail out
to help the current owners.... So careful....
Work with a Realtor who is experienced with Short Sales and knows all the local rules and ins and outs
Also make sure you get well informed about what your own options are after and if a short sale goes through...
Edith YourRealtor4Life & Chicago and Northern Illinois Expert
Working always in the very BEST interest of her clients, Buyers, Sellers and Investors alike....
And always with a SMILE ïŠ
Covering for @Properties the city of Chicago, all N and NW suburbs, the fine homes on the
North Shore, and many of the W and SW suburbs, and with her trusted Partner Agents all of
the US and worldwide properties. Edith speaks French, German, some Spanish and other.....
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