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To: dennisw

Diane Hathaway (D)


12 posted on 01/28/2015 6:34:59 AM PST by CPT Clay (Follow me on Twitter @Clay N TX)
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To: CPT Clay

The legal way to play that game was to sell the house to a trusted investor as a short sale - not an extended family member - and buy it back with a first right of refusal 3 y. later. Investor would need 3 year to hold to avoid pre-payment penalty on the mortgage. Buy it back at Fair Market Value...I doubt that values will increase that much in 3 years in Detroit. Do the same with the FL home and u ar good to go...

The real tragedy is that she and her husband was too stupid to figure this out, yet she was in charge of people’s lives.


13 posted on 01/28/2015 8:11:12 AM PST by WayneLusvardi (It's more complex than it might seem)
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