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Updated about 16 years ago,
Possible deal? Advice?
I have met someone that currently lives in their home but has to get out from under the mortgage - adjustable rate is eating them alive! They have started talking with a realtor and their lender about short sale. They are going to short sell and then find a rental long term - Any ideas on a creative way for me to get into this deal and help them stay in their house by renting it back to them? Is it basically that I buy the short sale and then rent back to them or is there some other solution?