Second, today write your state licensing agency and unless he has such authority given in writing by the seller he is violating his fiduciary duty to his client and could have his license suspended, be fined, or lose his license. he is required by law to submit offers, etc.Look up who his broker is on the state website and send them a copy suggesting there is a failure to supervise his agent.

Though the bank may or may not respond to a request by the title company, it seems that determining who does or does not have the authority to sign off on the transfer of title is a can of worms.

Its probably due to the huge waiting list with the Atlanta Housing Authority.

I recognize you and like to read your posts being that you are experienced and in Dallas.

Those that are doing some form of illegal transaction are probably trying to "float" the deal and I can see where that would land them in trouble with authorities.

Please do consider uploading a personal profile pic so we can better recognize you as you engage here on the community.Otherwise, congrats on a successful first flip!

A lender doesn't have to acknowledge a new owner taking a property sub2 as the borrower, but they do have to recognize the new owner or successor-in-interest as such.

If they did not they are subject to recapture of their depreciation and then regular capital gain rates on the profit above that.Yes, they can include those items to offset the gains otherwise and they should have been taken into account when it was converted to a rental.If they cannot exclude the gain, their best bet is to owner finance to you and recognize the gain over as many years as possible until you can refinance them out of it.Higher price and lower interest are best.

Thanks, Jeffrey Kovnick Account Closed ,No there isn't even with gifting strategies it becomes hard as someone will recognize the gain.

I love learning in order to be a great steward of my choices and opportunities and recognize the ability to create opportunities.