Tni LeBlanc (805) 878-9879's Blog – March 2011 Archive (1)
Can My Sister Buy My Orcutt CA Short Sale?
Can My Sister Buy My Orcutt CA Short Sale?
I am asked this question or a variation of this question all the time. Strictly speaking, the answer is no. Banks and investors generally will only approve a short sale if it is an arm’s length transaction. What does arm’s length mean? According to the Wells Fargo Banks’ Arm’s Length Affidavit that they ask the buyer, seller, and real estate agents involved to sign, it means:
No party…
ContinueAdded by Tni LeBlanc (805) 878-9879 on March 20, 2011 at 8:30am — No Comments
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