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Updated over 1 year ago,
Should I allow an investor to finance a pre-foreclose deal?
Hello. If I'm assigning a contract where the seller is in the notice of default stage, is it ok to allow the end buyer to use financing, e.g. hard money loan? Also, if the seller is in notice of sale stage, should I only allow cash buyers since time is of the essence and also, if I allow financing and the buyers loan doesn't fund in time, I risk the seller getting foreclosed and I lose my assignment fee. TIA!