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Inherited property and arms length issue

Posted by Teresa Keeler on March 13, 2013 at 3:39am in Short Sale Discussions

I have a property that is being inherited by the daughter and the daughter wishes to purchase it and move in. The property is a short sale.

 

How can the daughter purchase it given the arms length issue? It has been willed to her - but to the tune of 100K under water.

 

Any ideas?

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Replies

  • Kevin - Greenville, SC March 13, 2013 at 4:20am

    It may or may not be possible, but if it is it's going to take some serious escalation to a decision maker.  I have done similar on a Freddie Mac Loan before.

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