Posted by BigV on November 10, 2009 at 10:15:21:
In Reply to: Short Sale Problem posted by Dave on November 06, 2009 at 19:35:31:
In my opinion, if you ever end up purchasing your own listing, be it a short sale or not, you create a problem for yourself UNLESS you end up loosing money on that deal and you are doing it strictly for charity.
If you end up making money, the seller may always feel that you have somehow cheated them of having the best possible price since you planned all along to buy their house for yourself (even if it was not your plan).
So, I too recommend that you make a decision on whether you want to be a representative of the client OR an investor. And then proceed accordingly. Of course, should you proceed as an investor, disclose your licensee status in accordance with local laws.
Not an attorney not giving legal advice.