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As long as there are no side deals between the friends and the offer is at or near fair market value, the seller can sell their short sale to a friend.
For more info on short sales, visit the related link below.
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∙ 14y ago
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The risk premium is likely to be highest for?
A short sale. Because when you short sell a stock, its value can raise an unlimited amount and you will be liable to cover it eventually.
Can a real estate broker refuse to pay an agent's commission?
A short sale is a process by which a homeowner who cannot keep up with mortgage payments may avoid a foreclosure. In a short sale, the homeowner allows his lender to market and sell the home.
What is a short sale on a home mean?
A short sale is where the lender agrees to allow the mortgagor to sell the property for less than what they owe on the loan (because the value of the property is less than the loan amount and therefore that's all it can be sold for).
Can you short sale your house to your spouse?
A short sale must be approved by the lender. It will not approve your proposal.A short sale must be approved by the lender. It will not approve your proposal.A short sale must be approved by the lender. It will not approve your proposal.A short sale must be approved by the lender. It will not approve your proposal.
Can you purchase a short sale with an fha loan?
Yes, you can purchase a Short Sale with an FHA loan. There are no restrictions on the type of financing in the purchase of a short sale.
Where can I find a price on a short sale?
Many realtors will sell a house as a short sale. However a short sale has to be approved by the bank first.
Can you short sale to family?
Generally, no a homeowner cannot sell a short sale to a family member or other related party. This would violate the arm's length transaction requirement of a short sale.
How can you sell your house in a short sale and still file bankruptcy?
Bankruptcy is simply having debt beyond what you can pay. A short sale would have nothing to do with it. When you sell short, you leave the deal with nothing. No profit, no cash from the sale. Also, a lender would not even approve the short sale unless they are satisfied that you are 'upside down' each month and have no savings or other assets with which to pay the mortgage.
What are the short sale ramifications?
A short sale incurs a loss for the bank or other institution that extended the loan to the homeowner. Therefore, the homeowner must negotiate the terms of the sale with the bank before attempting to sell the property. There are a variety of consequences for the owner of a short-sale property.
How long do you have to sell your house that you are living in Indiana as a short sale?
I would say 5 yrs
The risk premium is likely to be highest for?
A short sale. Because when you short sell a stock, its value can raise an unlimited amount and you will be liable to cover it eventually.
What is difference between sale and sell?
Sale is a noun; and sell is a verb. Examples: "I made a sale." "Did you sell your car yet?"
How do you use cell sale and sell in a sentence?
When a store has a sale, they sell their products at a reduced price. I was happy when I learned the store was having a big sale and they will sell many items at 50% off. They are having a yard sale and will sell everything for less than $1.00.
In the phrase the sale of parts which is correct sale or sell?
"Sale" is the correct word. The word "sell" (verb) means to sell something. The word "sale" (noun) means something is for sale.
Is it right to use to sell or to sale?
"to sell" would be correct. You sell your car and made a sale.:)
What is a sentence with sell and sale?
She decided to sell her old car at the garage sale.
Can a real estate broker refuse to pay an agent's commission?
A short sale is a process by which a homeowner who cannot keep up with mortgage payments may avoid a foreclosure. In a short sale, the homeowner allows his lender to market and sell the home.
