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Leticia Concepcion
  • Residential Real Estate Agent
  • Windermere, FL
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What are the penaliteis for Wells Fargo Reo Owner Occupancy

Leticia Concepcion
  • Residential Real Estate Agent
  • Windermere, FL
Posted Apr 14 2012, 13:06

I want to buy an Reo but it is owner occupancy. Its a great deal in a good area and I know I can maybe do a land trust, but if the bank does not accept the land trust what are my options? If I buy in my name then deed it to the trust it should work. But if they find out that I sold my interest in the property what would be the penalties does anyone have info on that?Will I be blacklisted. Any help would be much appreciated. BTW I am a Realtor and dont want to lose my license either.

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