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linda antonelli Asked:

My husband and I are on the mortgage note but my son/daughter-in-law on on the deed to a property purchased in 2006. We live in California and have experienced a decline in the valve of our home, approximately 133,000 upside down. Is it possible to sell the home to my son on a short sale? I understand it needs to be approved by loan company but I was told we could not sell on \"short sale\" to a family member. [San Bernardino CA]



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Answer Provided by: Paul-Anthony Coronado [08/19/2009]

That is correct. And especially to one that is on the deed even though they are note on the loan.