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I am selling my house & have received interest from a soldier within my team. I have spoken with legal and they cannot give me a straight answer. Can I sell my house to him or is there any type of regulation that states I cannot due to fraternization or something I am not aware of?
CG-LGL10: Legal
Career Counselor
Fraternization
Career Advice
Posted >1 y ago
Responses: 8
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Of course you can sell your house, car, or motorcycle to your Soldier or any other Soldier.
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SFC (Join to see)
SSG (Join to see) legal are the worst people to speak about anything except actual laws. IG would actually be more appropriate because they deal with regulations. There is absolutely no law anywhere that prohibits you from selling your house, so legal is worthless in this area.
There's no gray area. Your house will be sold at a fair market value and the VA will not fund anything more than what they appraise it at. Realtors will handle the sales, mortgage people will handle the funding. It's all pretty much automated except for them choosing to sign, and you choosing which bidder you sell it to.
There's no gray area. Your house will be sold at a fair market value and the VA will not fund anything more than what they appraise it at. Realtors will handle the sales, mortgage people will handle the funding. It's all pretty much automated except for them choosing to sign, and you choosing which bidder you sell it to.
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To keep any perception from confusing things, use a realtor, to broker the sale,
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Yes but.....
I would recommend putting a buffer between you. BOYH of you use a realtor, so there is not even a POSSIBILITY of undue influence. I would also recommend you instruct your realtor, IN WRITING, to give you information "blind.". Only numbers, no names or other details.
Is that going overboard? Sure is. But I am on the "don't give them even a HINT of something to whisper about" team.
I would recommend putting a buffer between you. BOYH of you use a realtor, so there is not even a POSSIBILITY of undue influence. I would also recommend you instruct your realtor, IN WRITING, to give you information "blind.". Only numbers, no names or other details.
Is that going overboard? Sure is. But I am on the "don't give them even a HINT of something to whisper about" team.
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SGM Mikel Dawson
And may I add: It may cost a bit, but have a house inspector go over the house, this is called CYA.
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SSG (Join to see)
Realtor is being used and signed contracts with them so legally they cannot disclose such information pertaining to each other. Also, home inspection is being done & VA requires a separate termite inspection as well.
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