Double closing on a short sale California

[Carlos R.]

Do I need to add myselft to title if I want to flip (do a doble closing A to B and B to C) on a short sale? Im thinking that in order for my end buyers lender to work on the loan they have to see me (the seller on the B-C transaction) on title. Im in California.

[Jodi Funke]

When you use a land trust the land trust will be listed as seller so, the P & S agreement that yoiu have with the end buyer will also show the land trust as seller. The end buyers lender does the title search they will see the land trust has owned the property for more than 90 days. You can buy the beneficial interest from the seller the same day you sell to the end buyer. I am acually putting together a course that gives a step-by-step instruction on how to structure these deals and you will have to have transactional funding (which I do) because you cannot use the funds from B-C closing.