I need help and good advice
I need help ASAP
I’m trying to do too much! 1st) I own a house that was deeded to me in 2014 (in New York) but a forclosure process started in 2016 that I had vacated back in 2008 btw the forclosure is NOT in my name it’s my Dads. I want to do a short sale or refinance and keep the property so in essence (SS) find a buyer who’s not my family settle the Mtg hold the property for the designated time and ultimately sell at market value after repairs for a decent amount covering the short sale Mtg and leaving cash for me and the investors...I know some parameters but not the who who and how’s..?
Most Popular Reply
It would be illegal for you to short sale the property to someone with the agreement that you are keeping any equitable interest in the property or are buying the property back after sale.