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Updated over 1 year ago on . Most recent reply
I am wholesaling and I have a buyer who’s using an fha or conventional loan to buy.
Will I be able to assign my contract to this buyer who is trying to purchase the house using an fha or conventional loan? If not what other options do I have? I currently don’t have the funds to double close.
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Wayne Brooks
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Wayne Brooks#1 Foreclosures Contributor
#1 Foreclosures Contributor
- Real Estate Professional
- West Palm Beach, FL
@Michael Speight Understand that even if you find a conventional lender that will do this….the buyer would have to pay your assignment fee out of pocket, in addition to their down payment and closing costs…their lender is basing the purchase only on the price/contract you have with the seller.