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Ellen
Ellen, Lawyer
Category: Criminal Law
Satisfied Customers: 36714
Experience:  25 years of experience helping people like you.
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Do all banks require a "arms length affidavit" in a short sale?

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Do all banks require a "arms length affidavit" in a short sale? Or is there a law requiring banks to do this?
*This chat is not intended as legal advice. It is general information that may or may not apply to your situation and should not be relied upon.*

Thank you for directing your new question to me.

Your Question - Do all banks require a "arms length affidavit" in a short sale? Or is there a law requiring banks to do this?

My Answer - There is not a law that requires an "arm's-length affidavit" in the short sale process. That said, I am unaware of any bank that will not require an "arm's-length affidavit" as part of the short sale process.


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