Getting money to the homeowners after SS

[Lafi S.]

I came across this agreement that basically states you, the buyer, agrees to purchase from the seller their personal property. I thought that this might be a good way for homeowners to make some money from investors when doing a short sale flip.

Has anybody ever heard of this? Does the bank have to know if this agreement has been made? Is it even legal? I would love to hear your thoughts on this, because if it is legal I think it might be a great way to motivate some homeowners a little more. An extra 1 to 2 grand in their pocket can go a long way for us investors and certainly help us close more deals.