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Updated about 13 years ago on . Most recent reply

User Stats

58
Posts
17
Votes
Luigi Ontiveros
  • Wholesaler
  • Del Mar, CA
17
Votes |
58
Posts

Exlusive right to buy on a shortsale?

Luigi Ontiveros
  • Wholesaler
  • Del Mar, CA
Posted

Hey guys,

Hope your days are going well.

Is there a form or addendum that gives you the specific right to buy a shortsale exclusively when putting in a cash offer to the bank? (if the bank accepts the offer of course)

The objective here would be to avoid the bidding war from numerous buyers submitting their highest and best offers and eliminating competition by you being the only offer to the bank.

I am dealing with an unlisted property and getting ready to submit the offer via a broker.

Thanks in advance for your input.

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