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I believe this might work but definately NOT if yours is a shortsale. [soliciting removed by moderator]Bonnie Johnson, Broker[contact info removed by moderator. Please see Good neighbor policy for information of use of advice section]
lots of good answers & options here. If I'm understanding your situation correctly, you need to sell your existing home in order to qualify for your next primary residence? If so, selling to an investor is, of course, an option. The issue will be how you will gain "title" to the existing property after it's sold to your friend/investor. There are a variety of options dictated by your & your investor partner's needs. You would probably want to consult 4 professionals: a real estate attorney (if you feel the need to have a "partnership agreement"), a title representative (for your title options),a mortgage broker (for lending options) and your CPA or tax accountant for any tax ramifications. Good luck! It sounds like you have a great plan for your real estate future...Janeese Jackson, Principal Broker
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