A to B... B to C

[Richard Gleason]

Hey BP, I have a quick scenario I wanted to run past you guys... I have a few deals on the table that I can purchase (Cash), and have end buyers in place. The issue that I foresee is seasoning on title... The end buyers that I have all need financing, they all have good scores good income and solid seasoned funds. All buyers are Pre-Approved with reliable lenders and im sure they will close the only issue is the banks have seasoning requirements (ie seller must own property for 3- 6mos sometimes up to a year). The current sellers have seasoning on the properties.. but when I purchase I wont... any ideas???

[Chris Clothier]

Richard -

Are the end buyers willing to be pre-approved with another lender? There are plenty of lenders today who do not have such strict seasoning requirements, especially when it is going to owner occupied. If the provision is one stated by the lender and not by the seller (i.e. - some HUD and FMAE foreclosures come with deed restrictions) then I would simply find a lender who does not have those restrictions on their loans.