SHORT SALE FLIP HELP

[Matheno Howell-Bey]

So I am having a good time flipping short sales using my option agreement and suddenly I have my first lender throw a monkey wrench in my closing because of seasoning. Okay so I thought that dodging FHA like the plague was all that I needed to get around this seasoning issue. Does anyone have a method that works to get around lender seasoning. I have a buddy that uses a land trust but I am still looking into the legalities in doing this. Can a Short Sale Flip be successful with Land Trust in most states and why?

[Will Barnard]

Wow Nick, if I was not confused before, I am certainly now! :)
Simo closings were done via what is called dry funds where the B to C funds were used to close the A to B transaction. That is very hard to do these days as Nick pointed out. Most title companies require "wet funds" where you bring your own cash (or use "flash cash") to fund the A to B transaction and then the B to C closes on its own (named a double closing)

OK - plug - I can fund the transaction for your A to B via transactional funding - "flash cash" (Nick already knows this). I

Is a simo close "illegal"? NO (at least not yet), but as Nick also pointed out, almost ALL title companies these days will not provide title insurance on the B to C, hence deal killer.