90 day resale restriction

[Gabe Cole]

I have a short sale I just rehabbed and put on the market that has a 90 day flip restriction that we signed on the short sale approval letter. We have 60 days left on this window. We do have a cash buyer that wants the property. Looking for suggestions on how to work this.

I have a hard money loan on the property so if I can pay that off early it would save roughly 5k. I was considering a 60 day escrow with the buyer releasing funds early (say after their inspection and contingency period 10-17 days and then doing an interim occupancy agreement with buyer so they could move into the house. Then once we are at 60 days closing escrow and officially recording.

Any feedback on doing it this way or any other suggestions?

Thanks.

[Wayne Brooks]

Probably, just wait the 90 days to close. As a buyer, I wouldn't "close" then wait 30-60 days for title.