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Updated over 10 years ago on . Most recent reply

User Stats

348
Posts
111
Votes
Rafael Floresta
  • Investor
  • Philadelphia, PA
111
Votes |
348
Posts

Short sale of home bought before marriage

Rafael Floresta
  • Investor
  • Philadelphia, PA
Posted

I am in contract in a short sale with a seller who bought a house before he got married. 

He is now deep underwater and wants to shortsale. He is still legally married but separated. He doesnt work, he is a veteran and his wife claims head of the househould.

I just spoke with his current wife/ ex wife and she is reluctant to give the bank their W2. 

I recommended her to check with the short sale attorney if there will be any repercussion on her credit from providing that document. The bank just wants a proof that the guy doesnt have money. 

Any tips and tricks to help this situation better or should I just walk away?

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