Todays question is one of the most common ones coming in to me lately. 'Can i sell my home via a short sale to my spouse, kids or relative?" The most common answer is not in all cases. The reason is most banks will ask the home owner who is on the mortgage to sign an affadavit that they are not selling to a spouse, relaitive or family member.
The person to ask is the person a home owner hires to conduct the short sale on their behalf. The home owner can also contact the home retention department for a list of any requirements, rules or guidelines that their bank sets for short sales.
Please see my blog "How to get a short sale approved" for more advice and tips on short sales.
http://www.trulia.com/blog/scott_godzyk/2010/06/how_to_get_a_short_sale_approved
Blog Updated October 24, 2010
Blog Written by:
Scott Godzyk
Godzyk Realty Group
Manchester NH
www.ScottSellsNH.com
Copyright 2010, All rights reserved
Howard Hanna - Avon Lake, OH - Avon Lake, OH
Realtor - Avon Lake, Avon, Bay Village, Westlake,
That is correct. This was a recent test question in a class I taught in real estate principles. Believe it or not.
Oct 24, 2010 12:53 PM
Allison James Estates & Homes, Sarasota 941-957-3737 - Sarasota, FL
Broker / Associate
Good question - My answer: Why subject yourself to anything that looks like fraud?
Oct 24, 2010 01:14 PM
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents
Thank You for your comments Stan and Troy. Unfortanately this is a question i get 3-4 a week now from different people thinking of selling their house via a short sale.
Oct 25, 2010 01:01 AM
Rainmaker
3,416,038
3,416,038
Scott Godzyk
One of the Manchester NH's area Leading Agents
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Scott Godzyk is the Owner/Broker of The Godzyk Real Estate Services located in Manchester NH. With 29 years of Real Estate experience Scott specializes in Listing and Selling Bank Owned Homes, Short Sales, Residential Properties, Condominiums, New Construction and Investment Properties.
Scott services the counties of Hillsborough, Merrimack, Rockingham and Belknap. To contact Scott Godzyk please call 603-661-2121 or email sctprop@aol.com. his website is www.ScottSellsNH.com.
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