Mortgage Brokers & Lenders
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 3 years ago,
Help Getting Financing Allowing Assignment or Double Close
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