@Chris Music you should need just a one page assignment to add to the original contract.

What took you so long Chris!

Actually, @Chris Norwood - I wonder about the revenue opportunity for one of those kiosks . . .

Originally posted by Chris Weiler:Another option, if title/escrow is cool, just make the offer in your personal name and tell escrow/title you want to take title in the name of your LLC.

thank you @Nate and @chris but do you guys think it's a good deal?

These loans are NOT sold off as MBS, but are instead held on the balance sheet of the originating bank.I am not a banker, so my explanation may not be picture perfect, but that is a rough idea of how that world operates.As @Chris Martin mentions, the GSE underwriting looks at ALL mortgages you are involved with of any significance, so you could potentially choose to do a couple more Fannie deals before going ahead with the portfolio route, but you can't do it the other way around.  

Thanks Chris,Still waiting on underwriting.  

Originally posted by @Chris Simmons:Based on what I know, if the damage is done, its done.  

Awesome Chris!

I agree with Chris...What do you know about the sellers and the motivator for them entertaining the sale?