My friend asked me about this scenario. They offered on a potential short sale. The homeowner has accpted the offer and they are waiting on lender approval. The homeowner is 3 months past due, but has not received any foreclosure notices because they have been communicating with the bank. The homeowner has offered to rent the home to my friend for about half of their mortgage payment without a lease. Other than the short sale not being approved, what are the other potential issues with this?… Continue