Has anyone bought their own short sale listing or heard of anyone doing this? Do the banks have a problem with this because they may think its NOT an arms length transaction or look suspicious etc.? Please let me know if you know of this happening and the banks not allowing this to happen. Thanks!!
**I dont mean my own house i mean im listing someone elses property as a short sale and seller is NOT related to me and im buying it myself**
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I just had to sign an affidavit with GMAC attesting to the fact I was in now way related to buyer or seller.
Jim,
What was your relationship?
i am talkign about listing a property as a short sale and then wanting to buy it myself and wondering if banks are allowing the listing agent who lists the short sale to buy the house. I would be the buyer myself and not related to the seller in any way besides being their agent.
Jim Little said:I just had to sign an affidavit with GMAC attesting to the fact I was in now way related to buyer or seller.
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