[quote=briansd1]I keep on saying that if short sales were so easy to obtain, then why wouldn’t everyone want to go do one?
Sell to your best friend/relative, split the difference, then buy back the house later.
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This really is what’s going on in some cases — inside deals where the seller knows the buyer, and short-sells it for way below market price. Then, they flip it for a nice profit, or keep it at its new, low price…all at the bank’s (read: taxpayers’) expense.
