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Updated about 12 hours ago on . Most recent reply
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Homeowner looking to sell my house on short sale/lease back
i have a house that i am looking to sell on short sale then lease back for 24 months. house is in san antonio texas and is currently listed. listing agent is aware of the situation and will cooperate as needed.
address 16543 inwood cove, 78248
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Quote from @Minna Reid:
As part of the short sale approval process for 99% of all short sales, the lender will ask all the parties (buyer, seller, agents, title/attorney) to sign an arms length affidavit which usually has a clause preventing exactly this. By signing the form and then doing this everyone involved would be committing fraud.
Your agent probably isn't experienced in short sales to not know this.
In fact most people in general wouldn't know this.
This form will come at the end of the approval process which will take months to get to, so you can waste a lot of people's time to get here and then not move forward, because there is a zero percent chance that everyone involved is willing to commit fraud so that you can lease your house back.
Short sellers need to be prepared to move away from their homes.
I think it was inexperience talking, I don't think she knew. So, good advice, you've saved her a lot of false hope.