Situation: Wells Fargo is servicer, not sure who investor is, but not fannie or Freddie and according to wells, the investor participates in HAFA. Seller would like to rent the house back from the investor who is buying the house, maybe for 2-3 months while they find housing. Is this allowed or does anyone know if verbiage in wells' short sale affidavit preventing such?
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Comments
http://www.dsnews.com/articles/california-broker-explains-short-sal...
The Purchaser would need to be a non profit.
http://www.pe.com/real-estate/company-news/20121005-short-sale-leas...