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05-21-2009, 03:48 PM #1
Renter
- Join Date
- May 2009
- Posts
- 2
Is an uncle and nephew transaction considered to be a non-arms length in short sales?
Hello all,
If an uncle wants to short sale his house to his nephew (different last name), is this considered to be a violation of arms length?
Also, who/what/where defines this statute? I'm specifically looking for the proper dept in California that defines this satute. Thanks!
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05-21-2009, 04:31 PM #2
Condominium
- Join Date
- Apr 2009
- Location
- Seattle, Washignton
- Posts
- 122
[FONT=Calibri][SIZE=3]I have only seen a few times where lenders want disclosures about family signed. It could come back to bite you. Just have the owner of the house talk to their bank about the situation and don
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