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May 26, 2012, 01:00:12 AM

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Real Estate Investing Forums  |  Real Estate Investing  |  Foreclosures, Short Sales, Tax Foreclosures, Tax Liens Forum (Moderators: $Cash$, Bluemoon06, kdhastedt, Mdhaas, motivatedceo)  |  Topic: Short sale - homestead question « previous next »
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Author Topic: Short sale - homestead question  (Read 386 times)
koconnor
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« on: July 27, 2005, 02:06:23 PM »

I'm in negotiations with the bank on a short sale and wanted to know if I need to have some sort of homestead release from the owner?  

It's their primary home but they moved out...a year and 1/2 ago and their bankruptcy has already been discharged.

Does the owner still have the right to claim the house as his primary homestead after I have negotiated a sale price with the bank and purchased the property?

Thank you.
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prodempsey
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« Reply #1 on: July 28, 2005, 02:02:28 AM »

In short, no the previous owners do not have a right to claim homestead once title transfers.

Thanks,
Jeremy

http://faircashoffers.com
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Real Estate Investing Forums  |  Real Estate Investing  |  Foreclosures, Short Sales, Tax Foreclosures, Tax Liens Forum (Moderators: $Cash$, Bluemoon06, kdhastedt, Mdhaas, motivatedceo)  |  Topic: Short sale - homestead question « previous next »
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