You will have to ask them to find out for sure- maybe the seller is holding the note? Or maybe they have a HUGE down payment and are doing a hard money loan. Possibly one spouse had the foreclosure and the other is doing the new purchase - if not one of these I cannot see this being done above the board.
B
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Brian B The Loan Professor
Mortgage Banker - offering FHA, VA, USDA , and Conventional mortgages in all 50 states -
If I do not respond to a follow up question please feel free to contact me directly
