don’t = do it NOW
(my pulse rate and IQ are way down- need more coffee:)
BTW, what the agents are telling you is true. Your parents or any relatives or people acting on your behalf CAN’T buy the home your living in on a short sale for you to continue to stay there. Even a perfect stranger to you can’t buy your home and then turn around and rent it back to you. It’s the law I’m afraid. Banks have been slammed with scam after scam and that is just not an available option to you. Also, there is such a thing as a deed-in-lieu of foreclosure, which is the between full blown foreclosure and short sale on the scale of what is most damaging to your credit.
There is nothing in my short sale purchase agreement to prevent me from renting back to the sellers.