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Which is NOT a possible indication of a short sale fraud?

A. Buyer is a business partner of the seller
B. Seller has bad credit
C. Seller has excellent credit
D. Property appraises way below neighboring properties

1 Answer

3 votes

Final answer:

The correct answer is C. Seller has excellent credit. A short sale fraud is a type of scam where the seller and buyer collude to profit from the sale of a property.

Step-by-step explanation:

The correct answer is C. Seller has excellent credit. A short sale fraud is a type of scam where the seller and buyer collude to profit from the sale of a property. In a short sale, the seller owes more on the property than it is worth, so they negotiate with the buyer's lender to sell for less than the outstanding debt. In this scenario, a seller with excellent credit would be less likely to engage in fraud because they have a good financial standing and would be less likely to resort to illegal activities.

User Sampat Badhe
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