Short Sale Docs
Is there a special contract necessary to tie up a short sale with a buyer before you start negotiating with the lender. I have heard that you can, instead of a price, put 'pending negotiating debt with lender". Will this work?
Robin
In a short sale, your seller should be VERY motivated. Furthermore, he should be getting almost nothing $. So, you shoul have him sign over the deed to his house. DO NOT RECORD IT! Just keep it as an instrument to remind him that his deal is with you and that signing another would be fraud (i think). Next step is to negotiate with the bank. Once you have a deal confirmed with the bank in writing, you can record (after due diligence).
If this didn't answer your question, then you should have asked a different question and it is your fault...just kidin.
[addsig]