Short Sale/Foreclosure

By philly1030
October 15, 2009 in Foreclosures/Loan Modifications

https://creditboards.com/forums/index.php?/topic/413629-short-saleforeclosure/

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philly1030

Posted October 15, 2009

Hi All

Im actually asking this question for a friend of mine who lives in Florida.

Original Mortgage was with Countrywide.. now it is BOA . They havent made a payment in over 6 months. The house is up for short sale and the bank has already turned down one offer.. They have NOT started the foreclosure process.

Is it possible for my friends mother to buy the house at the asking price and let her live in it... One realtor said that it can be done another one said that it could not be done that it was considered mortgage fraud.. that a family member can not buy the house..

Does anyone know if it can be done...

Thanks

Philly

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