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Updated over 16 years ago,
Looking for ideas on closing contract assignments with conventional lenders
Any thoughts on how to do this? Someone mentioned to me that it may be possible to record a mortgage/deed of trust against the property, and use the payoff of that as your assignment fee, so that it doesn't appear as an assignment fee on the hud.
Would a double closing work or will the fact that title is not yet in the sellers name pose a problem for lenders?
Any other ideas?
Thanks