I had a friend ask me if a listing agent can buy the short sales they are listing? I know that banks will not allow family to buy them but I was not sure how to answer their question, has anyone ever bought a client's short sale or do you know if banks will allow it?
Thank you
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I agree with Justin. I don't see many of the larger lenders allowing this. It would violate an arms length transaction agreement.
Most banks will kill the deal. It also raises serious ethical / Arm's Length Issues. I'm not an attorney but i would steer clear of these!