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Updated over 16 years ago on . Most recent reply

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Eddie X
  • Pennsylvania
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10
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REO Steps Needed

Eddie X
  • Pennsylvania
Posted

Trying to really jump into REOs. I have an approved buyer but need to figure out the rest.

I know there are option contracts etc but wanted to know the actual steps.

Found a house and an agent.
Have the approved buyer.
Need to make an offer.
But what forms are needed.
I have one of the private money places to do the A to B but need to figure out the B to C.

I used to have a system of people who did this but I'm venturing on my own and want to make this happen.

Most Popular Reply

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Jon Holdman#3 Real Estate Deal Analysis & Advice Contributor
  • Rental Property Investor
  • Mercer Island, WA
14,132
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22,059
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Jon Holdman#3 Real Estate Deal Analysis & Advice Contributor
  • Rental Property Investor
  • Mercer Island, WA
ModeratorReplied

If you're question is just about the B to C transaction in this deal, then all you need is a purchase contract. Sounds like you have flash cash lined up to do the A to B closing, so this should be very straightforward. Just make a purchase contract between you and C, and take that to a title company to complete the deal.

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