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Updated over 12 years ago on . Most recent reply

Herm M.'s profile image
Herm M.'s profile image
Herm M.
  • Real Estate Investor
  • from NorCal, California
  • Member since Jun 22, 2009
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User Stats

273
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43
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Herm M.'s profile image
Herm M.'s profile image
Herm M.
  • Real Estate Investor
  • from NorCal, California
  • Member since Jun 22, 2009
Connect
Herm M.
  • Real Estate Investor
  • NorCal, CA
43
Votes |
273
Posts
Foreclosures

What are the restrictions of selling a short-sale back to seller?

Herm M.
  • Real Estate Investor
  • NorCal, CA
Posted

What are the restrictions of selling a short-sale back to the seller?

Can I sell it back to them in 2 years?

  • Herm M.
    • 0 Votes
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    Most Popular Reply

    Felix Liusky's profile image
    Felix Liusky's profile image
    Felix Liusky
    • Real Estate Investor
    • from Los Angeles, California
    • Member since Aug 15, 2009
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    Felix Liusky's profile image
    Felix Liusky's profile image
    Felix Liusky
    • Real Estate Investor
    • from Los Angeles, California
    • Member since Aug 15, 2009
    Connect
    Felix Liusky
    • Real Estate Investor
    • Los Angeles, CA
    7
    Votes |
    12
    Posts
    Felix Liusky
    • Real Estate Investor
    • Los Angeles, CA
    Replied

    This is a total "fraudulent conveyance". You are the architech of the scheme with intend to defraud or "short" the bank and cause a material loss for the institution.

    Later revert/resell the property back to the owner...You are ready to go to jail?

    Sincerely,

    Felix Liusky
    fomer Bank Vice President

    3 Votes
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