I have been doing a lot research in this area of Seasonings. Does anyone have a list of banks and lenders who has seasonings requirements on their REO's and Short Sales?
I know that FHA, Fannie Mae and Freddie mac do not have this requirements but many sites I have come across has mentioned that some banks will have Title Seasoning requirements placing a 60 to 90 day restriction that a person who buys the property must own the property for that time line.
This is a big show stoppers for investors flipping properties. I would love to hear feedback on this as to what many of you are doing to get around this issue?
Also I like to understand pros and cons to having a LCC?
I have been doing a lot research in this area of Seasonings. Does anyone have a list of banks and lenders who has seasonings requirements on their REO's and Short Sales?
I know that FHA, Fannie Mae and Freddie mac do not have this requirements but many sites I have come across has mentioned that some banks will have Title Seasoning requirements placing a 60 to 90 day restriction that a person who buys the property must own the property for that time line.
This is a big show stoppers for investors flipping properties. I would love to hear feedback on this as to what many of you are doing to get around this issue?
Also I like to understand pros and cons to having a LCC?
Phillip Bruce