My neighbor is foreclosing and he would like to do a short sale with me. He has spoken to the bank and they are willing to do the short sale for about 90-95K. He owes 122K on the house. My question is do I have to put any money down normally. Do I have to get my own financing or can I deal with his bank? Basically, Im trying to have my cake and eat it too, wanted to know if this is possible?
Thanks you to everyone who replies.