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Updated over 13 years ago,

User Stats

80
Posts
35
Votes
Matt Whiteside
  • Investor
  • Elburn, IL
35
Votes |
80
Posts

Bank Won't sell to an Investor.

Matt Whiteside
  • Investor
  • Elburn, IL
Posted

Had a deal to do a short sale with HSBC as the lender, When they found out I was an investor they wanted me to change the contract into my own name and then resubmitted. I did it, then they said that because I was going to sell for profit they won't accept my offer. Very frustrating, how do I get around this? My realtor says to just buy in my name then quitclaim into my s-corp, is any one doing this? If I do it this way and take out the addendum in my contract saying I may sell my interest at a higher price. Would I set myself up for trouble?

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