SHORT SALE TO BUYER THEN DEED BACK TO OWNERS
ANYONE KNOW THAT IF A BUYER WENT TO CLOSE AND PAID OFF SHORT SALE AMOUNT COULD HE DEED BACK PROPERTY RIGHT THERE AND TO FORECLOSED PRIOR OWNERS AND PUT IN TO A LAND TRUST WHERE AS THE BANK WOULD HAVE NO KNOWLEDGE OF THIS TRANSFER SINCE THEY WOULD MOST PROBABLY NEVER HAVE CONSENTED AND CAN IT BE DONE LEGALLY IN ILLINOIS, I HAVE HEARD THAT IT IS POSSIBLE FOR BANKS TO INVESTIGATE THESE TRANSACTIONS AND THE WORDS BANK FRAUD APPEAR AN ATTORNEY MENTIONED THIS TO ME BUT WHAT IS THE ODDS THIS WOULD EVER HAPPEN
Why not just rent it back to them. If you like you might give them the right of future option if, if, if, they could obtain suitable financing on that great day.
Seems much simpler. Yes you can make a net rental or lease agreement with them so they do all the maintanance and also pay the taxes.
However, as the person appearing on the short sale, I would just let it ride for the time being.
Sincerely, Lucius