Foreclosures

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Cheryl C.
  • Investor
  • Reston, VA
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Buying a "short" and the previous owner wants to rent it.

Cheryl C.
  • Investor
  • Reston, VA
Posted Sep 24 2011, 10:35

I hope this is the right forum. I have a contract on a short that I am pretty sure will go thru. The current owner wants to be my tenant. Can I lease to him? Is this considered some sort of fraud/collusion? I don't know the guy from Adam. It sure looks like a winner to me. The place is very well maintained. I planned to buy and hold and this would give me zero down-time, no painting, cleaning, carpet or anything else.

Can I do it?

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