Posted on: 30th Jun, 2011 06:39 am
Can you short sale to a family member?
I sincerely doubt that a lender would approve such a transaction. What they'd want to see is an "arm's length" transaction, i.e. a sale to someone completely unrelated to you...a stranger, for example.
What you describe is contrary to the general rule of thumb used by all lenders.
What you describe is contrary to the general rule of thumb used by all lenders.