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jean57 · 09-08-2008, 06:15 AM

I am brand new to this forum and have a question about a short sale. I have been approached by a real estate broker that claims to have an investor who is buying up short sale homes. The broker claims that this investor will put together all the paperwork necessary to get approval for the short sale. This investor only writes deals with Citibank and has guaranteed that they will get a buyer for our house. We do not want to lose our home so he suggested we use a relative with a fico better than 680 to qualify and then buy the home. This lender is also providing $10k as a down payment and the buyer will incur no fees. This sounds like a scam and I wanted to know what questions and guarantees I should get before signing any documents.

09-08-2008, 06:15 AM	#4 (permalink)
jean57 Junior Member Join Date: Sep 2008 Posts: 2 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Short Sale Tips I am brand new to this forum and have a question about a short sale. I have been approached by a real estate broker that claims to have an investor who is buying up short sale homes. The broker claims that this investor will put together all the paperwork necessary to get approval for the short sale. This investor only writes deals with Citibank and has guaranteed that they will get a buyer for our house. We do not want to lose our home so he suggested we use a relative with a fico better than 680 to qualify and then buy the home. This lender is also providing $10k as a down payment and the buyer will incur no fees. This sounds like a scam and I wanted to know what questions and guarantees I should get before signing any documents.