Apparently the house was previously under contract but the buyer was purchasing through FHA.

BP,I got a quick question regarding cash buyers. 

To acquire the property, the buyer will need only $702,000 in equity plus amounts sufficient to fund the seller' s replacement reserve, insurance and real estate tax escrows (such escrows are held by the lender for the borrower' s benefit).Would that mean you only need to come up with the $702,000 to purchase? 

Then immediately contact all the cash buyers you just found that buy properties in that neighborhood and tell them about the house and would they be interested in buying it.Once you have done all that with that neighborhood, go to the next one and 'rinse and repeat.'

A person of good integrity should make sure everyone profits; the seller, you as the buyer and then your end-buyer.

What about vise versa ; paying me the finders fee when I find a property for a buyer?

Basically, you need it to have a tenant and cash flowing for a few months before refinance.

@Salvatore Lentini, basically yes.  

@Max Brunke Basically there is a real lack of communication on the part of the loan officer and everyone else in the transaction.

athe best part for buyers is that it is free - the sellers pay the realtor commission.