arms length: What an "Arms Length Transaction" REALLY means
- 01/07/11 02:36 AM
Understanding Arms Length Transactions is important in a time where almost all homes are funded as government transactions and every contract is written with a clause stating everything is arms length. Below is an excellent discussion of Arms Length Transactions.
Question: I want to know if I can short sale my home and have my friend (parents, boss, ex ) buy it at the lower price so I can get a new loan for a lot less and then live there and/or buy it back later? Answer: Let's address the elephant in the room. Does this question come up? … (2 comments)
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