Shortsale Flip

[Justin S.]

I have never done a shortsale flip but I have four that are close to happening. My title company does know how to do a double close but they are telling me they can only do the flip if the end buyer is using cash or hardmoney. I know people have flipped when the end buyer has used financing. Have the rules changed in the last month or should I get a new title company? I understand that I cannot flip to an FHA buyer. Thanks.

[Nick J.]

Originally posted by Alex Locklear:

Justin, did any of your deals ever close?

Ask that same question on Monday and I'll bet you he says yes :wink: