Posted by Randy (SD) on October 15, 2003 at 10:52:00:
First of all you need to understand that most REO property owned by a bank and listed through a realtor will be marketed at 85% LTV. The title seasoning issue is only an issue if you are going for an F. H. A. insured mortgage. The title seasoning issues and contract assignment clauses are dependent on the buyer?s lender’s criteria not the selling bank. If your buyer is paying cash or has a lender that does not care it?s not an issue.