I am may lose my house to a short sale. Can a relative buy the house? Is there a way to that? Sorry two questions. Thank you.
Answer
Under certain circumstances the answer is Yes. A cousin or uncle might be preferred as opposed to a wife, brother or parent. However, some banks will consent to a short sale to a closes family member as long as you are not on the deed. Usually a short sale is supposed to be an arm's length transaction, meaning to an unrelated individual, but as I said above, I have communicated with banks willing to accept family members as short sale purchasers.
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