We are planning to buy my mom's house as short sale because it's underwater? Is it possible?Is it possible for me and my husband to buy it and make it 30 years terms? We were advised not to do it due to some law and that if we get audited, we will loose the house and our credits will be ruined. Will really appreciate a response. The house is in the city of torrance.October 21 2013 - US00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.