I have a 4-plex REO with an ARV of $460K, It is being purchased by me for cash of $200K, now I have a buyer willing to purchase and is pre-approved for $300K, however I may run into a seasoning issue according to my escrow officer.

Pure bunk.If you could do the following:* create a website for TBers to leave their info* get door hangers and flyers and bandit signs up for TBer to be driven to Web Page* get TBers money together, whether it is a loan from Household Finance, or loan from their parents, what ever* convince the Seller that the sales price is a new appraisal, period, at the time the TBer gets financing approved and funding letter is typed up* learn about credit reports and clearing negative marks (Fair Credit Reporting Act, FTC, etc)* have a goal where 10% down payment is arrived to get good rates* have the seller pay closing costs* you as an agent get 3% now, 3% when it closesThe challenge is helping both the seller and TBer get a win win, not easy.i.e.

But, government and social programs are not the answer.

While it can be tough to secure financing due to market conditions there IS money out there.I would suggest looking into the HUD 223(f) program for multi-family loans as the terms are fantastic.

Are there special perimeters they require to approve the loan?

As for tradition credit programs, you will need on the average, a 580 mid score.....24 months seasoning on the BK and 36 months seasoning on the FC.

The offer is "contingent" upon lender approval.

I've heard of it but haven't heard anyone use it on any forum.I wonder if it's another MLM program like that sellers assist program I see shilled a lot.

I'm sure we'll also get some more socialist, nationalized programs that will further make it harder for employee-minded people.

That is a term that means different things to different people.The real answer lies in a short sale approval letter from the lender.