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Updated about 3 years ago,

User Stats

14
Posts
1
Votes
Angel Hernandez
  • Real Estate Agent
  • Orlando, FL
1
Votes |
14
Posts

Realtor wholesaling into a conventional loan?

Angel Hernandez
  • Real Estate Agent
  • Orlando, FL
Posted

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?

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