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Permalink Reply by ERIC MOBLEY on January 17, 2013 at 5:12pm

That is personal property if not included as part of the purchase.

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Permalink Reply by Jeff Knight on January 17, 2013 at 5:32pm

Thanks.  My agent is saying it's illegal or against bank rules to have dealings like that with Short Sellers.  We may have to sign an affidavit saying this is an arms length transaction.  But I never met the person before we offered.

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Permalink Reply by ERIC MOBLEY on January 17, 2013 at 5:41pm

Then sign it if you are not related you are not related.  Is your agent telling you if that seller has a garage sale the day of the close that you cannot buy anything from the garage sale.  If so why not?  Of course you can as well it is of no concern to the agent.

 

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Permalink Reply by Bryant Tutas on January 18, 2013 at 2:54am

There are no restrictions against you purchasing personal property from the seller. It really has nothing to do with the purchase of the real estate and has nothing to do with your agent.

This assumes that this is a legit purchase and is not just away to funnel cash to a seller outside of closing.

Here's an article I wrote about this exact scenario http://centralfloridashortsales.com/post/3500729/can-i-sell-my-appl...

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Permalink Reply by Jeff Knight on January 18, 2013 at 4:27am

Thanks.  That is what I figured, but I didn't know if there was some law I didn't know about as that is not my area of expertise.

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