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Updated over 16 years ago,

User Stats

213
Posts
12
Votes
Daniel Hart
  • Investor
  • Charlotte, NC
12
Votes |
213
Posts

Looking for ideas on closing contract assignments with conventional lenders

Daniel Hart
  • Investor
  • Charlotte, NC
Posted

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

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