A potential borrower has come to the Mortgage Grapevine with the following unusual scenario. He or she were forced to sell their home in a short sales transaction, but were able to rent the property from the new owner. Then after two years they were able to repurchase it. The post says both transactions were at arm’s-length.
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Now the borrower is looking at a loan, possibly FHA, but the lenders they have spoken to have been reluctant because of the situation around the repurchase of the property. To learn more, visit
