Locking up a short sale?

Double close it using transactional funds. Buy it in an LLC and sell the LLC.
Check to make sure there are no seasoning issues. Sometimes you must hold the property for 90 days before you can resell. That kills the double close strategy and you must come up with hard money or private money in most cases to cover the hold time.

So, if there is no seasoning issues and you can double close, get this property under contract in your name as the cash buyer. Don't tell your agent or the lender you are planning on a double close. That will kill the deal. YOU are the cash buyer. To get a short sale or an REO offer accepted you will need proof of funds and a copy of your earnest money check submitted with your offer. Any games like "offer contingent on my partners approval" or earnest money due at closing or anything other than what the lender asks for will kill the deal. Only the inspection period will work, so you have your inspection period to find a buyer and get the property under contract between you and your buyer. Always require their earnest money to be non refundable.

Finally, you must have a real cash buyer lined up or this strategy won't work.
Check out my TF site below. Great POF letters and TF. Check my websites, several are provided by my TF guys!

Michael Mangham
MD Home Acquisitions LLC

Hello DG Family!I am looking for a partner in Sacramento CA or the surround area also. Anyone would appreciate to work with me as a team or also cash buyer/investor please