Posted by Max-Va on April 20, 2007 at 21:35:58:
NO it won’t help you.
Lease option the property and assign it to end buyer
Partner with seller
Buy and sell with rent to own or lease purchase
can we save seasonning? - Posted by Frank Ruggiero
Posted by Frank Ruggiero on April 19, 2007 at 19:47:45:
Customer wants to sell his house for cash now.
Buyer wants to buy now,fix, and resell to a 2nd buyer
without disturbing the seasoning the seller has.
I wonder if seller puts property into a Land Trust, and makes Joe(3rd party)the trustee.He directs trustee to sell
the property to buyer when all monies are paid to him(the seller)at some time in the future (3 months).
Will this scenario keep the seasoning in tact for the
2nd buyer when he goes to get financing on the newly rehabbed property?
Re: can we save seasonning? - Posted by Natalie-VA
Posted by Natalie-VA on April 21, 2007 at 13:08:51:
Why can’t the end buyer just use a lender that doesn’t have seasoning issues?
–Natalie
Re: can we save seasonning? - Posted by Marc Donovan
Posted by Marc Donovan on April 21, 2007 at 07:18:13:
I have done this many times. It does work, no problem. I’ve also purchased the beneficial interest from the seller and got a cash-out refi the same month.