Can I short sale my house to my brother..??

Written by Denae Frampton on May 4, 2009 – 9:56 pm -

This is a question that I am sure many people are thinking about because it comes frequently in conversation when I speak with people about their situation. I guess I can’t blame people for thinking about any and all potential options to try and stay in their home even after they do a short sale. I realize that it is very difficult to have to uproot a family and end up renting somewhere when you are so used to owning your home. However, keep in mind that the lender that has the note(s) on the property is taking a loss and they are not interested in selling a home to your brother knowing full well that there is a reason for this happening.

The lenders realize that your brother could do some pretty “shifty” things to get the property back in your name and allowing you to never leave.  Again, this is potentially a way for you to “benefit” while the lender is taking a loss. If you are in a situation where you need to proceed with a short sale it makes sense to handle it the right way without any hint of fraud or misconception. This will only lead to more troubles.

If you or anyone you know is in need of a short sale expert please do not hesitate to call me directly.


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One Comment to “Can I short sale my house to my brother..??”

  1. Saint Paul Real Estate Says:

    Bummer. I really wanted to sell it to my friend or family member. It is amazing what people will try to do. Just let it go!

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