SHORT SALE QUESTION

Is it ok if the borrower buys the house back from the investor at a later time?

Comments(2)

  • TheShortSalePro25th January, 2009

    I think its an idea the Fed Bailout TARP has already endorsed.... by giving $$ to nopnprofits with which to buy REO, or select properties via short sale and then lease back to the former owners.

    However... you should not have the "lease-back" provision included in the Contract of Sale. It should be a stand alone agreement.

  • CincyRealtorNKY4th February, 2009

    I would stay away. Way too cloudy.

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