Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 9 years ago,

User Stats

2
Posts
0
Votes
Ben Thomas
  • Investor
  • Parkton, MD
0
Votes |
2
Posts

Only available to OWNER OCCUPANTS

Ben Thomas
  • Investor
  • Parkton, MD
Posted

Hey everyone,

I am looking at a property to flip in Baltimore, Maryland, in the details of the listing it says:

This is an NSO Bank Approved Short Sale and available only to OWNER OCCUPANTS.

I am trying to figure out what the details of this are. I personally own my own home and have no interest in living in this while it is being fix up and sold. Can I purchase the property in another persons name? 

Yes my intention is to purchase the property as an investor and resell it. 

What options do I have, and why wouldn't a bank be willing to sell to anyone?

Thanks

Ben Thomas

Loading replies...