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Updated 11 months ago on . Most recent reply

Bobby Williams's profile image
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Bobby Williams
  • Member since Mar 31, 2024
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Bobby Williams
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Bobby Williams
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Buying & Selling Real Estate

Purchase Legally A Short Sales

Bobby Williams
Posted

Is It Possible to Buy a short sale from a family member with a different last name then mines & purchase it in a Delaware LLC ?

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Joel Bongco's profile image
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Joel Bongco
  • Flipper/Rehabber
  • from Honolulu, HI
  • Member since May 2, 2018
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Joel Bongco's profile image
Joel Bongco's profile image
Joel Bongco
  • Flipper/Rehabber
  • from Honolulu, HI
  • Member since May 2, 2018
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Joel Bongco
  • Flipper/Rehabber
  • Honolulu, HI
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Joel Bongco
  • Flipper/Rehabber
  • Honolulu, HI
Replied

Aloha @Bobby Williams - its illegal to buy a short sale property from another family member.  Part of a lenders Short Sale package, is a Short Sale Arm's Length Affidavit which is signed by the seller stating that they are NOT related to the buyer.   Signing it knowingly and selling their short sale property to a family member is Mortgage Fraud. HTHS!  Joel 

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