OfflineHave a questions for season vets. Have a seller facing foreclosure but bank has said they will accept a short sale for the property. Owner wants to buy the property back after the short sale so they can keep the house understanding we are still going to make 18-20,000 on the property. Could we use transitional funding on this or what would be the best procedure without using any of my money.
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Have anyone heard about privitemoneybank.com and and Lee Arnold.
Thanks.
Lev
the transaction, so the company wants the end buyer in place. Your scenario won't work because the person loosing the house can't get financing
to purchase it. You would have to finance it yourself & then lease option it to the existing owner or just pass it on to another investor, make less profit(to leave some for them) & let them lease option it to the existing owner. If you are just going to wholesale it & not take title to the property, keep in mind the banks are not stupid, they are not going to allow a short sale, take a loss, & then let the original owner buy it for less.
This person who open all these posts looks like a scammer to me, asking the same questions over and over and not responding.
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