There are a few banks who will let you do a short sale lease back.
Be very wary, though, of those for-profit companies and eager real estate agents who promise you that after a short sale you can stay in the home or even buy it back. Stay clear of those that tell you the laws have changed (they are most likely bending if not breaking the law). Some of those guys, no matter how loudly and profusely they deny it, are committing mortgage fraud . . . read more about mortgage fraud and a short sale lease back.
More Articles by Elizabeth Weintraub:
- Get a Release of Liability on That Short Sale
- Do You Need a Lawyer for a Short Sale?
- What is an Arm's Length Agreement?
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At the time of writing, Elizabeth Weintraub, DRE # 00697006, is a Broker-Associate at Lyon Real Estate in Sacramento, California.