Posted by Natalie-VA on June 27, 2007 at 11:40:42:
Carol,
Don’t put it under contract unless you can close yourself. It’s just not right to tie up someone’s property that way.
Also, it’s my understanding that title insurers are no longer allowing double closings on short sales unless the end lender agrees to it in writing.
–Natalie
Foreclosure Home - Posted by Carol
Posted by Carol on June 23, 2007 at 09:11:18:
My name is Carol and I am a new investor. I have a contract on a property in forclosure and plan on working a short sale with first and second. In the mean time I want to market the property to potentially find a new buyer prior to my closing so we can do a double closing. Here is my question, What happend if I find a buyer quickly and I have not yet nailed down the short sales? Can anyone give some advice in this area? Not sure if I should go into contract with new buyer…can I even do that? Maybe I should just play the middle man and let them buy from my seller…how would I get paid…help??