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Innovative Strategies
HomeForumsInnovative StrategiesShort Sale with Money back to Seller?
Justin Silverio's profile image
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Justin Silverio
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  • from Andover, MA
  • Member since Aug 10, 2008
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Justin Silverio's profile image
Justin Silverio's profile image
Justin Silverio
Pro Member
  • Developer
  • from Andover, MA
  • Member since Aug 10, 2008
Connect
Justin Silverio
Pro Member
  • Developer
  • Andover, MA
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Innovative Strategies

Short Sale with Money back to Seller?

Justin Silverio
Pro Member
  • Developer
  • Andover, MA
Posted Jan 25 2012, 15:50

I just got a call back from my direct mailing from a woman who is looking to sell her property so she can move to Florida. She owes about $150k and has missed a couple mortgage payments since last year. I estimate I would have to pick up the property around $120k to make the deal work. She would be open to a short sale, however, she really needs cash in her pocket to move. Is it possible/legal to buy a property through a short sale and put money in her pocket too?

A follow investor told me that lenders sometimes offer relocation expenses when a seller goes through a short sale. Has anyone heard of this?

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