If The Bank won't allow A Assignment Clause How can I Assign My Foreclosure Or Short sale over to my End Buyer ?

its already approved. Thanks anyway!

The owner did not want me to do a least option,she just wants to get the house sold. Newbie

sale is already approved then you don't need to catch up back payments and you can't do a lease option.

Ok How do I Persue purchasing it Through A Land Trust & don't I Need Earnest Cash before doing anything ? I May just End up Using my own Money as Earnest Cash Put down $20.00 As Earnest Cash & Just Lock it up that way .

$20??? As earnest money???

No Typo , Unless someone is going to give me $500.00 to pay my Rent this this month
.........lol $20.00 is all I can put down If I'm doing it on my own Cause my rent is $500.00 so I mean puting $500.00 as earnest cash is Gambling w/ My rent otherwise my butt be some were kicking up dirt on the side of the road some were in a cardboard box ..............lmao

& No one will give me A Payday loan OK ..........LOL

& I'm still waiting for my End-Buyers Deposit of $1,000 for Earnest Cash thats even if He sent it , But I'll keep checking .

Unless You can Suggest to me away of getting $500 for Earnest Cash .

There's obviously multiple ways to get around this, but i like this technique:

- Set up an LLC to purchase the property with
- Close the deal
- Assign the rights, ownership, & assets of the LLC to cash buyer.

Its great if you are doing a couple deals a month, but I think if your trying to scale up to 8-10+ deals/ month this would cause an awful lot of extra work setting up & shutting down that many LLC's.

* Totally another topic, but a great way to get REO offers accepted is to put down a minimum of $1000 earnest money (More the better) & waive your inspection period... Banks like to see that your serious, and 90% of the time banks will come back with their addendum which overrides the original & gives you a 10 day inspection period anyway... & even if not you can use one of your contingencies to get out if you find it necessary.

I like your enthusiam and no fear about questioning things, but the sooner you get the term NEWBIE out of your head the better. You are an Invester and always remember that! Once a newbie always a newbie. Its all about attitude.
Investor or not?

I wish you the best with all your endeavors.

Thanks I'm right now only doing 1 Deal Monthly . I'm looking on LegalZoom.com Their LLC Packages Starts at $99.00 + State Fees I May Get the $289.00 Package With Everything Included & Just Buy The First Piece of Properties through using LLC & Close My First Deal .

So Once I Get the LLC I can Use it to Buy the Properties right ? Can I Buy More then One LLC ?

From what it looks like on LegalZoom.com I'm going to be Spending close to $200.00 -$300 On A LLC Package. I Guess its better then nothing right? may Buy A Package Tuesday Or so & Just use the LLC & buy The Properties

Before Buying A LLC I'm Going to Educate myself on What it is & What I'm getting myself into before buying one .

Transactional funding will allow you to complete you deal and is totally above board. There are many Transactional Funders ready to assist. Do some shoppinig because fees vary from funder to funder.

Hear, hear.

I learned very quickly that "newbie" is a relative term. I literally spent days saying out loud; " I am a REAL ESTATE INVESTOR"!

Finally, it all clicked. Once you make the decision to go all in- you're no longer a "newbie".

Good luck.

Z