Quote:
Originally Posted by sperry
That's dumb. Maybe not the part about you owning it again, just so you can't short sell it to your friend, then have him short sell it right back to you. But you should be able to rent it from the new owner... that's an agreement between you and him and it's got nothing to do with the bank.
In fact, what the hell can they do to enforce you not renting the place from the new owner?
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According to my realtor and a lawyer I consulted with about it, they can come after me for the difference between what I owe and what they're getting paid by the sale...which is a lot of money. It's like a breach of contract kinda thing I guess.