OfflineToday i went in to write up an offer. The agent told me some banks, not knowing yet if this bank does this but that the bank requires 30-90 days before the house can be sold again.
Have you guys ran into this problem? If so how did you go about it for a quick flip? I was hoping to do a double close on this property.
I was thinking of doing the normal double close but instead of putting the house in my buyer's name but rather doing a lien for that time period. Think that would be a good way to go about it?
Thank you guys
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It is on some FNMA homes. The title is limited and I have seen 60 and 90 days a few time recently. Luckly on the ones my invertor buys from me as his buyers agent he fixes and LP out so he is ok. The listing agent can get the info. from the banks asset manager and or it will be on the bank addendums. Get your agent to ask the listing agent.
Hope that helps!
Dan
www.danbuyshomesfast.weebly.com