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Updated over 7 years ago on . Most recent reply
Why would a lender NOT approve this?
Short-sale approval obtained a while back... it's Friday, closing is Monday.
Purchaser had something come up and now wants to buy a different property and have his "friend" slip in and close on the deal.
Assuming the right bank contact can be reached (and proper assignment, etc. executed), why would the shorting lender NOT approve this? Perhaps I'm not thinking of something.
Thanks in advance for any quick feedback.
- Tom Gimer
Eastern Title & Settlement
14 Reviews
4.9 stars
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Jay Hinrichs
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Jay Hinrichs
#1 All Forums Contributor
Professional Services
#1 All Forums Contributor
- Lender
- Lake Oswego OR Summerlin, NV
@Tom Gimer VERY VERY simple answer to keep wholesalers and no money flippers at bay..
they only want to sell to bona fide buyers.
- Jay Hinrichs
- Podcast Guest on Show #222
JLH Capital Partners