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Updated about 11 years ago on . Most recent reply

Marty Happle's profile image
Marty Happle's profile image
Marty Happle
  • Investor
  • from Perth Amboy, New Jersey
  • Member since Sep 16, 2013
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110
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21
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Marty Happle's profile image
Marty Happle's profile image
Marty Happle
  • Investor
  • from Perth Amboy, New Jersey
  • Member since Sep 16, 2013
Connect
Marty Happle
  • Investor
  • Perth Amboy, NJ
21
Votes |
110
Posts
Foreclosures

Is this legal and/or ethical?

Marty Happle
  • Investor
  • Perth Amboy, NJ
Posted

A friend of mine is behind on his mortgage and facing foreclosure due to an injury that kept him out of work for over 18 months. Someone offered to purchase his house if a short sale can get approved and lease it back to him with a chance to purchase it down the road. If this is legal, how would you be able to protect yourself from this investor taking the house?

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