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Wholesaling

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James Martin
  • Real Estate Investor
  • Seneca, SC
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REO contract

James Martin
  • Real Estate Investor
  • Seneca, SC
Posted Sep 1 2015, 16:38

My realtor submitted a assigned purchase contact on a wholesale deal. Bank states they don't accept assigned contracts and wants proof of funding.

I mentioned a double closing and was told this is illegal. I have messaged my buyer reference proof of funds. Awaiting response. 

Any ideas or suggestions? I'm new at this. This was my first offer. Thanks!

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