I’m hoping someone on here might be able to help me.
A relative wants to sell his home (mortgaged) to his daughter for about $100k below market value. (But still satisfying the mortgage balance on the house.) His daughter will have to take out a new mortgage on the house, and she has about a 25% down payment, if that matters.
My question is, is there any issue (legally, with her bank or otherwise) with purchasing a home significantly below market value?
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source https://www.reddit.com/r/RealEstate/comments/e467n7/selling_to_family_member_below_market_value/
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