Real Estate Consultant · Lawrence, MA · Member since 2010 · 1 post · 0 votes
I Have been doing some research for Transaction Funding. I specialize in doing the short sale negotiations in our office. I would like some advise as to where to look for additional info for getting started. Any good books or webinar out there for short sale flipping and funding?
You can look at websites of transactional lenders, including mine.
It isn't complicated stuff. You just need all your ducks in a row with the B-C, disclose your intent to the lenders, and find a title company comfortable with back to back closings.
Probably the 2 areas with the most issues are making sure the shorting lender will allow the back to back and not require a 30 day hold. And naking sure the end buyer's lender is ok lending on a property that isn't in the seller's name yet.
Overcome these and it is simple, low risk stuff for all involved.