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Updated over 13 years ago,

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Ibrahim Hughes
  • Real Estate Consultant
  • Bloomfield, NJ
1,043
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2,082
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Will Bank Allow My Retail Buyer To Take My Place?

Ibrahim Hughes
  • Real Estate Consultant
  • Bloomfield, NJ
Posted

I originally was looking to pick up a short sale for no more than $75k cash in order to rehab and resell. However, bank wants $85k. I'm also a Realtor who has a buyer for the property (in fact, I was going to rehab and sell retail to her - she's open to buying this as a fixer upper). Can I somehow switch myself out and add in retail buyer? Is this something that banks usually go for?

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