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Updated almost 8 years ago on . Most recent reply

Larry Flanagan's profile image
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Larry Flanagan
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  • from Midwest, USA
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Larry Flanagan's profile image
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Larry Flanagan
  • Investor
  • from Midwest, USA
  • Member since May 31, 2012
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Larry Flanagan
  • Investor
  • Midwest, USA
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Mortgage Brokers & Lenders

Wells Fargo seasoning requirements?

Larry Flanagan
  • Investor
  • Midwest, USA
Posted

I got an offer on a wholesale flip today from a buyer preapproved by Wells Fargo.  I just bought the house a month ago and havent done much to it, will I have issues with seasoning?

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Wayne Brooks's profile image
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Wayne Brooks
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Wayne Brooks's profile image
Wayne Brooks's profile image
Wayne Brooks
  • #1 Foreclosures Contributor
  • Real Estate Professional
  • from West Palm Beach, Florida
  • Member since Jul 27, 2012
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

There's no real seasoning on a sale, unless it's FHA, then you can't sign a contract with an FHA buyer for 90 from your acquisition.

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