Trying to Close a Bank Owned Property via Transactional Funding

[RJ M]

There's a foreclosed house that I want to purchase and close asap. The property must be purchased with cash only.

I have a potential transactional funding company to fund the deal.

I tried to place a contract on the property today. I told the realtor that I have a proof of funds letter. The realtor stated that it sounds like I have a pre approval letter, and I need a document from a bank showing that I have money in my account.

I told the realtor that I would be selling the property the same day when I purchase. The realtor told me that it seems like im trying to do a flip which is Illegal in Maryland. I believe she gave me the wrong in information about it being illegal because I have seen postings from other realtors in Maryland that use transactional funding in Maryland to flip property.

This is my first attempt to purchase a property via transactional funding and double closing.

Is there another way to approach this situation to close with no issues by using transactional funding and double closing?

Also, can someone refer me to a title company who do double closings in Maryland?

I have an end buyer with funding in place to purchase and close asap.

Thanks,