Short Sales and Leasing

Profile picture for LuJackCity64
I understand that a Short Selling Owner can NOT monetarily benefit from the sale of his/her home; however, are they precluded from RENTING the home they just sold, back from the new owner?
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May 03 2010 - Whittier
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Profile picture for StoapTwins
No, the seller is not precluded from renting the house back.
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May 05 2010
Profile picture for The Piana Team
To my understanding renting it back from the new owner should be ok. The banks approving the short sale are more interested that the actual sale is a Arms Length transaction, and buyer and seller do not have any connect. It doesnt speak about after the transactions and renting it back to the previous owner.
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0Yes

May 05 2010
 
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