Can an ex-wife purchase the ex-husband short sale listing pre-foreclosure?
I have researched the "Arms Length Transaction" description several websites, and none speak of this scenario. Could some one assist?
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Can an ex-wife purchase the ex-husband short sale listing pre-foreclosure?
Started this discussion. Last reply by Miguel Rosario Mar 22, 2010. 6 Replies 0 Likes
I have researched the "Arms Length Transaction" description several websites, and none speak of this scenario. Could some one assist?
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Miguel Rosario commented on Mike Linkenauger's blog post 'Certified Short Sale Guide Designation Training Program'
Thanks for your prompt response.
Miguel Rosario commented on Mike Linkenauger's blog post 'Certified Short Sale Guide Designation Training Program'
Is the Orlando Florida area open for short sales listings referrals? OR Seminole county Florida?
Miguel Rosario updated their profile
Miguel Rosario commented on Mike Linkenauger's blog post 'Preferred Partner Membership Program'
Good morning everyone:
I am available for any short sale referrals listing in Oviedo or Orlando area Florida. I am bilingual for any spanish speaking clients that you might have and are having trouble communicating with.
Have a great day!!
Miguel Rosario replied to Miguel Rosario's discussion 'Can an ex-wife purchase the ex-husband short sale listing pre-foreclosure?'
I know, the same has happened to me with BOA. I was calling for 2 weeks every other day, and no one gave me an answer, They just told me to send it in to see what will the investor decide. Well, I disclosed the relationship on the offer, and sent to…
Amy Lane replied to Miguel Rosario's discussion 'Can an ex-wife purchase the ex-husband short sale listing pre-foreclosure?'
I was under the understanding that IF you had a previous relationship that it is still considered not an "arms length". So, I contacted the bank and they said they would see. Well, after several weeks they have come back with no. This…
Miguel Rosario replied to Miguel Rosario's discussion 'Can an ex-wife purchase the ex-husband short sale listing pre-foreclosure?'
Thanks Nancy. I like the sentence that you used "the transaction is between 2 formerly married parties" It sounds mo better than what I was going to used. :-)
Nancy Nelson replied to Miguel Rosario's discussion 'Can an ex-wife purchase the ex-husband short sale listing pre-foreclosure?'
BE Cautious!! Check with the lender(s) involved. Nearly all require that the transaction be true arms length. They will be the first to yell FRAUD (commited by you as a Realtor) if you don't have written approval from them stating clearly in no…
Miguel Rosario replied to Miguel Rosario's discussion 'Can an ex-wife purchase the ex-husband short sale listing pre-foreclosure?'
Ok thanks. Will see what happens
JP Ott replied to Miguel Rosario's discussion 'Can an ex-wife purchase the ex-husband short sale listing pre-foreclosure?'
We referred one in Oregon that the wife sold it to the husband. Still married & the bank told them to! The key is full disclosure. They may allow it, but they may say no.
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