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Short Sale Question

Posted on: Wed, 07/20/2011 - 20:15
Short Sale Question

I just talked with a Realtor ,she told me to submit an offer through her, then she would pass it on to the owner
and the bank.Its a great deal even if I dont go any lower then what they are asking. My question is can I assign this ,since the bank is still in control.

Thanks for any help

Curtis Fillers
(Charlotte,NC)

PS THIS IS A SHORT SALE !!

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Posted on: Wed, 07/20/2011 - 20:43 #1
I don't think so...

Banks are getting smarter they won't go for that in NJ. Unless you do transactional funding. I think this question has been on this site before.


Posted on: Wed, 07/20/2011 - 20:50 #2
Barbara

Thanks, I was thinking that also. Looks like a double close.
I do appreciate it. Thanks

Curtis Fillers
(Charlotte,NC)


Posted on: Wed, 07/20/2011 - 21:34 #3
To my understanding you will

To my understanding you will have to do a double close.

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Regina Smiling
RLK Investments LLC


Posted on: Wed, 07/20/2011 - 21:40 #4
Regina

Thank you for responding.I do appreciate your input.

Curtis Fillers
(Charlotte,NC)