Because technically if they sell you an option...they do not have the power to sell to anybody else...which prevents them from listing the property with an agent...at least during the option period.The idea being you negotiate your price directly with the bank...while you market at a higher price via RMLS...contract your end buyer, then once you get your approved short sale you already have somebody lined up to buy it from you at a higher price.

How would you prevent this form happening?

And it would prohibit a seller/bank from, without good cause, disapproving the use of a title or escrow company chosen by the buyer.Of particular importance is the language in the bill that prevents a bank who is a seller from disapproving of a buyer’s choice of title and escrow companies without good cause.

A good lawyer will be your best bet at those court hearings, because he will talk to the other attorney before the final decision can be made in court by the judge and you just might be granted the "right" to assume her payments for her in return for the property deeded in your name since she is about to be found in contempt.This will satisfy the bank, getting them their money and prevent her from being further charged and get you her property.

As long as it's trimmed to prevent overgrowth into other areas it's economical and actually can be very attractive.Tony D'Anzica, JDDynaMax Realty, Inc.Property Manager

In a perfect world, investors would be the godsend for ALL buyers but due to the Nazi Socialists better known as Fannie/Freddie, they have devised ways to make it literally impossible for an investor to profit from flipping a real estate transaction.Enter seasoning: They "claim" it is there to prevent future frauds and scams due to inflating RE prices, appraisals, etc.

Which they already have the problem is we are not hurting enough to implement it YET.

It does seem that they are responding to the way things have gone since they repealed it.Now maybe with one of their 5 proposals they can improve its implementation which is why it was considered for repeal to begin with.

JB,You can not assign a contract on a short sale or REO (bank stipulations, not a legal prevention) and so you have two choices:1.

Almost every realtor I spoke with said they'd had problems with investors (probably inexperienced ones) tying up a house under a lengthy options contract preventing its sale even after the bank negotiation fell through.