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Updated over 14 years ago, 04/26/2010

User Stats

235
Posts
166
Votes
Dani Beit-Or
  • Investor
  • Irvine, CA
166
Votes |
235
Posts

Can I short sale to myself or to my friend?

Dani Beit-Or
  • Investor
  • Irvine, CA
Posted

there is a common notion out there that I cannot shortsale my property to myself, maybe using a friend or a family member - why is that?

My guess is no that it is illegal but that the banks do not want it. Any ideas why?
Are there ways to overcome this w/o breaching any contracts?
Any one has actual experience actually overcoming this challenge?

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