Share 'What Are the Federal restrictions and requirements on the short sale arms length affidavit?'
Appreciate any information,
Have approval from Ocwen and BAC on a short sale but Ocwen's arms length affidavit states buyer cannot resell for more than 120% of short sale price until the 91st day after the sale. I explained that I already sent them a contractor bid for $65,000 Plus so the buyer would basically be purchasing and re-selling for 0 dollars!!!And we will lose our investor/buyer!
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