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Updated about 17 years ago on . Most recent reply

User Stats

15
Posts
1
Votes
Shi'Mere Andrus
  • Real Estate Investor
  • Torrance, CA
1
Votes |
15
Posts

Assigning a Short Sale

Shi'Mere Andrus
  • Real Estate Investor
  • Torrance, CA
Posted

This is the first time I'm learning that I can actually assign a short sale. How many opportunities did a pass up because I didn't know this....alot. Anyways, here are my questions:

Background: I live in the Los Angeles area and I have realtor that could probably help me out in finding short sales.

1. If I go through my realtor and fill out a purchase contract will the bank accept ShiMere and/or assigns?
1a. If they don't accept that, what do you do?

2. Is there anymore paperwork needed than the normal purchase agreement contract with the seller and the assignment contract with the end buyer?

3. Is it really that simple?

Thanks :D

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