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All Forum Posts by: Richard Hudson

Richard Hudson has started 2 posts and replied 3 times.

have short sales and pre-approved end-buyers but I'm having problems selling to my pre-approved end buyers because of title seasoning requirements. Lenders are wanting title to be held 90 days to 6 months before I can sell to my end buyers. They call this flipping properties, but flipping properties is not illegal and title seasoning was enforced because of bad investors and realtors, who were forging appraisals, loan fraud and forging titles. I do what is called A to B and B to C transactions where I do double closings with acquistioin funds by buying properties all cash and selling to end-buyers all done in the same day. Are there any lenders, bankers or mortgage brokers that don't have title seasoning requirements and who have pre-approved buyers that I can sell properties too, I buy all cash.

Post: End Lenders For "B" Sells To "C" With No Seasoning.

Richard HudsonPosted
  • Real Estate Investor
  • New York City, NY
  • Posts 49
  • Votes 1
Originally posted by Minna J:
RD loan - USRDA - this is a 102% loan, available to rural areas nationwide. Huge around here - no seasoning, no downpayment, flexible credit...etc.


Post: Title seasoning

Richard HudsonPosted
  • Real Estate Investor
  • New York City, NY
  • Posts 49
  • Votes 1

I have short sales and pre-approved end-buyers but I'm having problems selling to my pre-approved end buyers because of title seasoning requirements. Lenders are wanting title to be held 90 days to 6 months before I can sell to my end buyers. They call this flipping properties, but flipping properties is not illegal and title seasoning was enforced because of bad investors and realtors, who were forging appraisals, loan fraud and forging titles. I do what is called A to B and B to C transactions where I do double closings with acquistioin funds by buying properties all cash and selling to end-buyers all done in the same day. Are there any lenders, bankers or mortgage brokers that don't have title seasoning requirements and who have pre-approved buyers that I can sell properties too, I buy all cash.