The buyer for a short sale was brought by his sister, a local broker.
The lender is WFB--is there any way with full disclosure that this deal can be allowed to happen?
Read more…If the listing agent and the seller are not related but the listing agents wife wants to put in an offer on home. Will the bank let this go thru or is this considered arms length even though no one is related to seller? Thank you
Read more…I'm negotiating a Chase short sale with Freddie Mac as the investor and I want to share closing instructions that I was told are "fairly new." I only learned about the closing instructions the day before the close date and it was incredibly stressful
Read more…Is this still possible with the Arm's Length Disclosure?
Read more…I have been asked to do a short sale. The owner of the home is also an officer of the corporation that owns our brokerage. I am also an officer. I have a feeling that this could be an issue with "arms length".
Any input from my knowledgeable coll
Read more…I feel like I've learned a lot since joining this site and am amazed by how much good knowledge is available for free. Now I have a question of my own ... I'm working with a local lender (Colombo Bank) who has said that they don't care who buys the
Read more…Has anyone been denied approval by the bank in a tenant occupied property where the tenant has made an offer? The bank is saying this is not an "Arms Length" transaction. The property is managed by a brokerage. Is this in violation of Fair Housing R
Read more…Short Sale rent backs are a great solution for a lot of people, but a lot of banks have you sign an "Arms Length Affidavit" that doesn't allow it. From reading through some comments, it looks like some banks allow it, and some don't. I thought it w
Read more…I have a short sale that has been approved by the 1st, however, the owner wants to become the tenant and the NEW owner to be wants to rent to the sellers. The banks "Arm's Length Affidavit" specifically asks if there is any implied or written agreeme
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