Florida Real Estate Q&A Discussion Forum
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 3 years ago,
Realtor wholesaling into a conventional loan?
Hello everyone,
So I am a realtor and came across a property on MLS for sale. Listing agent is wholesaling the property, marketed the property as them being the owners, found out this is an assignment of contract, this was not disclosed until after Inspection was done and LLC ownership was questioned. Buyer plans on using a conventional loan. Lender is questioning ownership. Can this property be wholesaled into a conventional loan and should they have disclosed this information as a real estate licensee?