Successful Short Sale Closing: Seasoning Issues – No Problem!
One way around seasoning issues is to assign your interest in the purchase agreement to the buyer for a fee, keeping the seller as the current owner. The drawback to this option is that the buyer must be able to pay the assignment fee without using proceeds from the final closing.
There are a number of other techniques that real estate professionals are using to make the process of investing in foreclosures, short sales and distressed real estate smoother.
Real estate investors who are practicing short sales, double closings and other specialized techniques should be represented by a qualified real estate attorney who understands how these transactions work. A real estate attorney will know how to structure all documents in a double closing to comply with mortgage guidelines.
<a rel="nofollow" onclick="javascript:_gaq.push(['_trackPageview', '/outgoing/article_exit_link/1245163']);" href="http://www.cashforshortsales.com">Jodi Funke</a> is a transactional lender who understands this dilemma. "Lack of funds is the number one reason most real estate investors cannot close a short sale deal," said Jodi. "We provide one-day funding for the investor to buy the property and our nationwide team of closing professionals, attorneys and title companies are experienced in doing back-to-back transactions so the investor can fund the deal and resell the property the same day. It's a win-win deal for all parties involved." Learn more about wholesale funding at http://www.cashforshortsales.com
<a rel="nofollow" onclick="javascript:_gaq.push(['_trackPageview', '/outgoing/article_exit_link/1245163']);" href="http://www.cashforshortsales.com">Jodi Funke</a> is a transactional lender who understands this dilemma. "Lack of funds is the number one reason most real estate investors cannot close a short sale deal," said Jodi. "We provide one-day funding for the investor to buy the property and our nationwide team of closing professionals, attorneys and title companies are experienced in doing back-to-back transactions so the investor can fund the deal and resell the property the same day. It's a win-win deal for all parties involved." Learn more about wholesale funding at http://www.cashforshortsales.com
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Pre-foreclosure investors are most successful in funding and closing a short sale when they have the funds available to finance the deal. Lack of funding is the number one roadblock real estate investors face when performing short sale transactions.
A land trust is an agreement where the trustee agrees to hold ownership of a piece of real estate for the benefit of another party or the beneficiary. The land trust involves two major components; the Trustee and the Beneficiary(s). Here is some information about the use of a land trust when working a short sale transaction:
A land trust is an agreement where the trustee agrees to hold ownership of a piece of real estate for the benefit of another party or the beneficiary.
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Pre-foreclosure investors are most successful in funding and closing a short sale when they have the funds available to finance the deal. Lack of funding is the number one roadblock real estate investors face when performing short sale transactions.
A land trust is an agreement where the trustee agrees to hold ownership of a piece of real estate for the benefit of another party or the beneficiary. The land trust involves two major components; the Trustee and the Beneficiary(s). Here is some information about the use of a land trust when working a short sale transaction:
A land trust is an agreement where the trustee agrees to hold ownership of a piece of real estate for the benefit of another party or the beneficiary.
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