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Updated over 7 years ago,
Wholesaling lease option
I have a situation where the bank gave this woman 30 days for me to wholesale the home and find a cash buyer. The numbers don't look great as far as a flipper making a profit. We have a woman interested in doing a lease option to buy. She would then give us an assignment fee. My question is, would the bank allow someone to lease the home with the option to buy, or would they still foreclose?
Thanks,
Jesse