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Updated over 14 years ago on . Most recent reply

User Stats

49
Posts
1
Votes
Richard Hudson
  • Real Estate Investor
  • New York City, NY
1
Votes |
49
Posts

Are there any lenders, bankers or mortgage brokers that don't have title seasoning requirements?

Richard Hudson
  • Real Estate Investor
  • New York City, NY
Posted

have short sales and pre-approved end-buyers but I'm having problems selling to my pre-approved end buyers because of title seasoning requirements. Lenders are wanting title to be held 90 days to 6 months before I can sell to my end buyers. They call this flipping properties, but flipping properties is not illegal and title seasoning was enforced because of bad investors and realtors, who were forging appraisals, loan fraud and forging titles. I do what is called A to B and B to C transactions where I do double closings with acquistioin funds by buying properties all cash and selling to end-buyers all done in the same day. Are there any lenders, bankers or mortgage brokers that don't have title seasoning requirements and who have pre-approved buyers that I can sell properties too, I buy all cash.

Most Popular Reply

User Stats

133
Posts
7
Votes
Chris Chung
  • Real Estate Investor
  • Denver, CO
7
Votes |
133
Posts
Chris Chung
  • Real Estate Investor
  • Denver, CO
Replied

Sometimes local banks and/or savings and loans offer loan products that don't require title seasoning. Google some smaller banks in your area and ask them if they offer "Portfolio Mortgages"

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