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Updated almost 16 years ago on . Most recent reply

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Richard Graham
  • Real Estate Investor
  • Outer Banks, NC
44
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121
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Is this Fraud

Richard Graham
  • Real Estate Investor
  • Outer Banks, NC
Posted

I have a co worker who wants me to help her. Her and her husband are divorced the note is in his name only but they are both on the deed. She lives in the home he does not. They went through the trial loan mod but he did not qualify. Saxon would not accept payment today. They also said they would not short sale the house to her because she is on the deed. Can I negotiate the s/s buy it and flip it to her with out going up the river?

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Jon Holdman#3 Real Estate Deal Analysis & Advice Contributor
  • Rental Property Investor
  • Mercer Island, WA
14,132
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Jon Holdman#3 Real Estate Deal Analysis & Advice Contributor
  • Rental Property Investor
  • Mercer Island, WA
ModeratorReplied

You will have to sign a statement to the bank saying the previous owners are not benefiting from the transaction. With what your propose, they are.

Buy this one from them and sell it to someone else. Sell her a different property, if she can qualify or pay cash.

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