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Updated over 5 years ago on . Most recent reply

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Jodie Fae
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Lender is not wanting to lend the full amount to the buyer

Jodie Fae
Posted

I'm a wholesaler and i have a contract for $110,000 with the seller. I assign it for $30,000 now the buyer is coming back to me and saying the lender will only be able to lend at $125,000 cutting my $30,000 deal.  SHould i agree and cut my losses or re structure the deal that he will owe me on the backend of the sale?

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Matt M.
  • Realtor
  • Denver, CO
1,278
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Matt M.
  • Realtor
  • Denver, CO
Replied

Take your profits and move on. This virus is changing things rapidly.  

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