Short Sales Information for

Maryland Homeowners

The Answer Is NO!  

 What is an "Arms Length Transaction" in a Short Sale?

An arm's length transaction is  where both the seller (s)and purchaser (s) are acting independently of each other and have no relationship to each other in a contract.

It means that you cannot sell your house as a short sale to your brother, rent it from him, stay in the house and act like nothing happened!

 

That would be an illegal transaction. . Punishable by. . (check this video)

(***hint***~ It COULD keep you from going to jail. .must see this video)

 

Mortgage fraud is under the jurisdiction of the FBI and it is punishable by jail.

When doing short sales, you should be advised by the right person, asking the right questions before you hire them and not expose yourself to a future accusation of a mortgage fraud

 

More Information about Short Sales:


"The Short Sales Experts"

 

 

Fernando Herboso

Broker - Solutions Finder

"Don't Pray For A Miracle. . .expect it!" 

Herboso & Associates llc 

www.ReallyNiceHomes.com

www.Short-Sales-Expert.com

Office 240.898.1848

Cell    240.426.5754

Fax    888.913.3535

My real estate knowledge is always up-to-date. For expertise you can depend on, call me when you have questions about the market or are ready to make a significant move. . .Quality representation is not expensive, its priceless!