All Forum Posts by: Mandeep Randhawa

Appreciate all info guys. They are underwater due to taking out a credit line on the house and being shafted in their business venture in a major way by a family memeber...out of this world.

Another question if you guys don't mind. Could someone pay cash for the property and then sell it to me without any consequences?

Thanks everyone for the responses.

Like the millions of others, my parents are upside down and I understand that they signed for it etc etc. And like millions others who have done a short sale, they are now in the process.

Thanks again

hello guys,

Sorry for such a rookie post. I did google around and didn't find too much help so I thought I would ask here. My parents home will be a short sale pretty soon. Is it possible for me to purchase the home. I have perfect credit and make good money. I do live in that house currently.

Thanks again,
Manny

Thanks for the clarification. The borrowed money would be from my father. Let's say he gives it to me as a "gift" . Then are we in the clear?

Before I start, I am very new to all this so take it easy on me. :wink:

I currently live with my parents and am looking to buy a 4-plex. The agent is a good friend of ours. I don't have a problem with the actual 4-plex, but I do with the loan situation. I live in Sacramento, Ca. The loan guy said I need 25 percent down, which I can come up with. I will have to borrom some to get there. He stated that I will need have it in my account for 60 days before he can move forward on it. Can you folks enlighten me? I am asking around as well.