Tag: non-arm’s length transaction

Family Status and Non-Arm’s Length Transactions

Question: Is a first cousin selling to their first cousin considered a non-arm’s length transaction? Answer: Yes, that would be a reasonable conclusion. The familial relationship is not always the sole indicator of a non-arm’s-length transaction as it could be between an employer/employee (think builder situation) or other similar non arm’s-length situations. Both Fannie and […]

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