the difference/rules between a realtor investor negotiating with bank and then using the spouse as end buyer. Can a realtor investor use their spouse with on realtor license as end buyer to negotiate a short sale ?
Sounds close to mortgage fraud to me. Better get a lawyer to advise you first.Can a realtor investor use their spouse with on realtor license as end buyer to negotiate a short sale ?
absolutely. the licensee must disclose their relationship to the end buyer but there is nothing that would keep the investor from buying a short sale using their spouse to help negotiate. now if the realtor is the current owner then you're into ';equity stripping'; which is illegal. a better option in that scenario is simply to work our a loan modification agreement with the bank (and the spouse can help talk to the bank).
A licensed person is required by law to disclose their relationship in a transaction. Period!
It is not at arms length and must be disclosed
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