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All Forum Posts by: Kelton Brunt

Kelton Brunt has started 1 posts and replied 3 times.

Buying & Selling Real Estate

Post: "And or Assigns" contracts

Kelton BruntPosted
  • Houston, TX
  • Posts 3
  • Votes 0

So how do you get around this issue with fha

0 Votes
Buying & Selling Real Estate

Post: "And or Assigns" contracts

Kelton BruntPosted
  • Houston, TX
  • Posts 3
  • Votes 0

A lender told me that because of title seasoning you cannot assign the contract to a retail biuyer. Is that true

0 Votes
Buying & Selling Real Estate

Post: "And or Assigns" contracts

Kelton BruntPosted
  • Houston, TX
  • Posts 3
  • Votes 0

Write your post

I am an investor in Texas and would like to know if lenders would accept a sales contract that has the language "And or Assigns". Does this language in the sales contract fall under the category "title seasoning", whereby you have to own the property for at least 90 days. Has anyone used this strategy successfully for FHA lenders. If so, could you share your experience.

Thanks

0 Votes