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Updated over 3 years ago,

User Stats

15
Posts
1
Votes
Dwayne Gilbert
  • Specialist
  • Freeburg Pennsylvania
1
Votes |
15
Posts

Help Getting Financing Allowing Assignment or Double Close

Dwayne Gilbert
  • Specialist
  • Freeburg Pennsylvania
Posted

I have a property in good condition and an option to purchase the property at 125k. I also have a purchase agreement with a buyer willing to pay 152. I have even managed to hunt down a closing agent, harder than I ever thought, who can and will do a double close.

What I don't have is a company or organization that is willing to give the buyer a mortgage without my name on the deed or anything of the sort. They either have no clue what I am talking about with the wholesaling idea, or the bank itself has a slippage clause. I do know that FHA has a seasoning period, no problem. We can get a usda loan which to my understanding does not have the same conditions.

I greatly appreciate any and all help you beautiful people can offer me. I'm needing financing asap and having trouble finding the solution.

Thanks,

Dwayne

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