Short sale to family member! Need help

[Dawid Surowiec]

What's going on PB community!! Unfortunately, my parents have dealt with unfortunate events and they haven't paid the mortgage since January 1, 2017 (today is 9/26/17). They received a short sale notice. I am a listed realtor since April and I have not dealt with short sales. I read the arm length addendum, so I can't buy the property since I am a family member. My question is, can I buy the property under an LLC at a discount and resell it? Also what if, my girl friend (which we are planning on get married in 2 years) buys the property under her name and sell it for market price. I'm looking for a loop hole but I do not want to preform mortgage fraud. Or is there any other option. Or even it's a two family house, can I live in the property for 2 years and sell it and not pay capital gains taxes? I appreciate the feedback in advance

[Rod Hanks]

A loophole IS mortgage fraud! It's not worth it and if someone tells you how to get around it RUN fast.