Jul
08

In a short sale, is it legal for the landlord to sell the property to his tenant?

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SaveANickelDIY asked:

I read somewhere that it may be illegal for the seller and buyer of a short sale to be blood-related. The mortgage bank won’t allow this. However, if the tenant (who is not a relative) wants to buy it, would this be permissible? This is in Jersey City, New Jersey.

Kansieo.com

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