Posted on: 06th Jun, 2009 12:48 am
We have a house this is currently going through a short sale. My inlaws have offered to buy us another home and we just pay them back the money personally. So, the house will be in our names, can our current bank who hasn't accepted the short sale yet, take our new house that my inlaws paid for but is under own name, since we would ahve to go through a bank to get the money, its his personal money?
I do not think they will find out about that other home especially if there is no mortgage on your credit report.
Monluv28
Welcoemto the forum.
If you go through the short sale, then make sure you have good relator who is a short sale specialist and can guide you propery to keep your new home and any toerh asset or savings you have.
Good luck and fee free to ask
Welcoemto the forum.
If you go through the short sale, then make sure you have good relator who is a short sale specialist and can guide you propery to keep your new home and any toerh asset or savings you have.
Good luck and fee free to ask
