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Updated over 15 years ago,
Is there a list of lenders that are okay with A-B and B-C?
Okay so I understand that FHA wants 90 day seasoning from the current owner in order for them to approve a loan for the end buyer.
Can we make a list of short-sale lenders who are okay with the B buyer selling at any point? Which ones are okay with back-to-back closing?
Also, which lenders don't have a problem with the end-buyer financing a home that was just recently sold A-B?
I have a couple buyers that I need to qualify for a home. I will find the home for 260 or so, and use a bridge lender to flip it for 300k+. I want to know which lenders to apply my end-buyer with.
Also, there's a couple properties (uncles') that I am going to try to negotiate a low approval and find an end-buyer for. The first property has a first and second lien both held by Chase. The other property has only one lien, held by ING.
Will any of these lenders have a problem with an ABC flip?