Back to Back Closing

[Dale T.]

Hey what are you guys doing on your back to Back closings. Banks and or lenders are saying they wont fund these because of the Short time that we are on the Title. We are having the worst time finding a lender, when a buyer has to get a loan. Weather its conventional or FHA. Plus we have to be on title when the appraisal is done also. They want at least 30 days on the title.

Thanks

[Jackie Patterson]

It's important that you thoroughly understand the process and can explain exactly what you are doing. You may have to approach a couple lenders, but should be able to find one that is receptive. I'm finding most lenders are aware of the FHA seasoning guidelines, and are open to it. The most important thing is to disclose, disclose, disclose.