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Updated over 5 years ago,

User Stats

3
Posts
0
Votes
Edward Speno
  • Flipper/Rehabber
  • Boca Raton, FL
0
Votes |
3
Posts

Condo Approval for Cash Buyer

Edward Speno
  • Flipper/Rehabber
  • Boca Raton, FL
Posted

I have a condo under contract that I am looking to assign or resell, but my potential buyer doesn't meet the association's annual income / credit requirements. What if I found someone to seek approval and purchase the condo, under an agreement to then quitclaim the deed over after purchase.  Could a condo association dispute or block a private transfer, or could this effect her status on title? What could potentially go wrong here?       Would you avoid the deal for any reason, with a buyer ready and waiting?

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