http://avoidforeclosuremonroe.com/381/can-i-sell-my-house-to-my-mom-for-half-of-what-i-owe-on-it/ Avoid Foreclosure Monroe Florida Wed, 14 Jul 2010 01:25:20 +0000 http://wordpress.org/?v=2.9.2 hourly 1 http://avoidforeclosuremonroe.com/381/can-i-sell-my-house-to-my-mom-for-half-of-what-i-owe-on-it/comment-page-1/#comment-672 justwond Sun, 28 Feb 2010 18:44:03 +0000 http://avoidforeclosuremonroe.com/381/can-i-sell-my-house-to-my-mom-for-half-of-what-i-owe-on-it/#comment-672 It is called a short sale and is at the discretion of your lender. Check with them to find your options. It would have to be marketed to all prospects, not just your mom. The buyer would have to have the cash or qualify for the loan - could your mom do that? Your lender may work with you to avoid the whole foreclosure thing - if that is really the case. You signed on the line for that amount - there are a whole bunch of borrowers that are up side down too and would like to be able to cut their balance in half - It is called a short sale and is at the discretion of your lender. Check with them to find your options. It would have to be marketed to all prospects, not just your mom. The buyer would have to have the cash or qualify for the loan – could your mom do that? Your lender may work with you to avoid the whole foreclosure thing – if that is really the case. You signed on the line for that amount – there are a whole bunch of borrowers that are up side down too and would like to be able to cut their balance in half -

]]> http://avoidforeclosuremonroe.com/381/can-i-sell-my-house-to-my-mom-for-half-of-what-i-owe-on-it/comment-page-1/#comment-671 Landlord Sun, 28 Feb 2010 18:24:09 +0000 http://avoidforeclosuremonroe.com/381/can-i-sell-my-house-to-my-mom-for-half-of-what-i-owe-on-it/#comment-671 You can not do a short sale to anyone related to you. Loan fraud. You can not do a short sale to anyone related to you. Loan fraud.

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