CAN I SELL MY HOUSE VIA A SHORT SALE TO A FAMILY MEMBER?
By Scott Godzyk, One of the Manchester NH's area Leading Agents
(Godzyk Real Estate Services)
Todays question is one of the most common ones coming in to me lately. 'Can i sell my home via a short sale to my spouse, kids or relative?" The most common answer is not in all cases. The reason is most banks will ask the home owner who is on the mortgage to sign an affadavit that they are not selling to a spouse, relaitive or family member.The person to ask is the person a home owner hires to conduct the short sale on their behalf. The home owner can also contact the home retention department for a list of any requirements, rules or guidelines that their bank sets for short sales.Please see my blog "How to get a short sale approved" for more advice and tips on short sales.http://www.trulia.com/blog/scott_godzyk/2010/06/how_to_get_a_short_sale_approvedBlog Updated October 24, 2010Blog ...