buy back: Banks to do Buy Backs? - 08/24/09 04:59 PM
There's a couple of great ideas floating around: (1) allow homeowners to remain in & lease their home after foreclosure, and (2) offer a buy back in which the homeowner could purchase the home after a specific term (3 years? 5 years?)
Buy backs are not a new idea, buy backs … (6 comments)
buy back: Yes George, Short Sale Buy Backs ARE Illegal - 03/12/08 03:59 PM
This post is dedicated to a local Realtor engaged in the very dangerous practice of structuring short sale buy-back/lease backs. For those not familiar, a short sale buy back is where the Seller/Borrower (who is in foreclosure) enters into a Purchase Agreement with a relative, friend or whomever to buy the [distressed] … (5 comments)
buy back: Buy Back - Too Good to be True? - 10/20/07 04:09 PM
Here's the scenario: for whatever reason (illness, divorce, job loss, etc.) you are behind in your mortgage payments and are facing foreclosure. The Notice of Default has been filed and suddenly there are strangers knocking on your door and calling at all hours of the day, not to mention your mailbox … (3 comments)
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There's a couple of great ideas floating around: (1) allow homeowners to remain in & lease their home after foreclosure, and (2) offer a buy back in which the homeowner could purchase the home after a specific term (3 years? 5 years?)
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