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Updated almost 12 years ago on . Most recent reply

John Braden's profile image
John Braden's profile image
John Braden
  • from Newberg, Oregon
  • Member since Dec 16, 2012
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John Braden's profile image
John Braden's profile image
John Braden
  • from Newberg, Oregon
  • Member since Dec 16, 2012
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John Braden
  • Newberg, OR
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4
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Buying & Selling Real Estate

Short Sale Rejection

John Braden
  • Newberg, OR
Posted

We have been buying short sales for investment purposes, primarily fix and flip. We just got a rejection from BofA and the reason given was that we had a hard money loan, and they will only accept conventional financing or cash to purchase the property. Has anyone ran across this, and is there any resolution?

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