Home / FAQs / Is it allowable on a compromise sale if relative purchases the house and allows the current homeowner(s) to live in the house?

Is it allowable on a compromise sale if relative purchases the house and allows the current homeowner(s) to live in the house?

On compromise sales, the current owner is not allowed to receive the proceeds; however, the current owner may benefit from the compromise sale if a relative purchases the house and allows the current homeowner to live in the house. Would this be allowable? Every case must be reviewed. However, the net proceeds of the sale must not be less than the net value.

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