Can Sell Your Short Sale Property to a Family Member?

Answer

No. You may not sell your short sale property to a family member. This is 'an arm's length' transaction, which means that it cannot transpire between family members.
Q&A Related to "Can Sell Your Short Sale Property to a Family..."
When a homeowner falls behind on mortgage payments, the lender has a legal right to sell the property and use the proceeds to settle the debt. If several liens exist on a home, any
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I do a lot of short sales and when the bank approves them, they usually have an addendum or affidavit for all parties to sign stating that there is no material relationship between
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You can only sell something the decedent owned if you are the executor or administrator of the decedent's estate. Also, did the decedent leave a will that specified the disposition
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The issue will be whether you are paying the fair market value of the property and whether the homeowner will benefit from the short sale. If you want to avoid those issues - your
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Through a short sale, a homeowner obtains permission from his lender to sell his home for the property's current fair market value. After a short sale takes place ...
Through a short sale, a homeowner obtains permission from his lender to sell his home for the property's current fair market value. After a short sale takes place ...
Through a short sale, a homeowner obtains permission from his lender to sell his home for the property's current fair market value. After a short sale takes place ...
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