Legal Question in Real Estate Law in California
is that possible I can sell my house throu a short sale if I am the owner and the agent at the same time?
Asked on 7/01/10, 4:06 pm
3 Answers from Attorneys
Yes, although you may have a hard time convincing your bank that you got the best possible price if you don't use a paid broker. If, by the way, you were thinking of keeping a commission, you can forget that. No bank will approve a short sale that provides cash to the defaulting borrower.
Answered on 7/01/10, 8:24 pm
Bryan Whipple
Bryan R. R. Whipple, Attorney at Law
It is legally impossible to be your own agent, just as it is legally impossible to be your own heir.
Answered on 7/01/10, 9:23 pm
Anthony Roach
Law Office of Anthony A. Roach
I agree with Mr. Whipple. You would simply be asking for the short sale for yourself. And as Mr. McCormick points out, you wouldn't get a "commission."
Answered on 7/02/10, 8:55 am
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