Hi folks. One of our Sellers over at www.ShortSaleSuperStars.com wants to know how to skirt around the 'Arms Length Transaction" requirement of his lender and continue to live in his house after the short sale by renting it back. The language in the "Arm's Length Transaction Notice" is as follow
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12/08/2010
Hi folks, I get asked legal questions every day about Short Sales, deficiency judgments, promissory notes and foreclosures. Folks, I am NOT an Attorney and I CANNOT give you legal advice. I can however direct you to this great resource from my friend Richard Zaretsky. Richard IS an Attorney and
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12/06/2010
Trying to buy a cheap REO (foreclosure) in Poinciana FL is hard work!! Hi Help Me Bi, Still no fully accepted offers. Here's where your offers stand as of today1018 Tower. You agreed to the counter offer of $57,900 to close by 12/17/10. I sent the agent the revised paper work on 11-24. Yesterda
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12/04/2010
That's right. After almost 5 years of blogging I now live within my own blog. Broker B......what the hell are you talking about? I'm glad you asked. There was a time many moons ago when I was an ActiveRain outsider. I spent most of my time on ActiveRain outside my own blog and inside yours. Trave
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12/02/2010
Broker Bryant, "Please explain me the details of a short sale, or other proposal that you can bring to my case. " Dear Sinking Fast, Thanks for contacting me. A short sale is basically selling your property for current market value and convincing your lender to accept less money than what is owe
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12/01/2010