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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: ChanceIs who wrote (85198)8/14/2007 12:31:35 PM
From: Think4YourselfRead Replies (1) | Respond to of 306849
 
I would add "assuming there is no reason to suspect it was a fraudulent sale, where the buyer was complicit with the seller in a tax evading attempt."



To: ChanceIs who wrote (85198)8/14/2007 12:34:47 PM
From: Travis_BickleRespond to of 306849
 
Absolutely, if you sell Blackacre which is worth $300k to your daughter for $50k, they will go after Blackacre.

But in the case of a short sale where the lender is involved, the issue never even arises, unless you happen to own the bank. In the case of the short sale there is a bona fide purchaser for value.


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