Is it legal to short sale a house for less than what the owner pays? Posted on August 15, 2011

A realtor referred me to "Univeral Housing of CA inc." which is an NPO. A man told me about a program called a "short sale homeowner buy back". The owner short sales the house to the npo at 60% of market value then the owner of the home can buy back the home at 90% of market value. Is this legal?

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