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Sean B.
Pro Member
  • Investor
  • Chicago, IL
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Short sale flip land trust, LLC , or option contract?

Sean B.
Pro Member
  • Investor
  • Chicago, IL
Posted Jul 16 2014, 16:26

just negotiated my first short sale deal with the bank through the seller. Bank tentatively accepted an offer for $120k and I already have found an end buyer for $145k , my question is can I still do a simultaneous close using an option contract or do I need to start an LLC or land trust. I keep finding conflicting legality issues that are confusing me regarding the short sale.

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