Short Sale Flips. New Laws.

[Matt Chandler]

I am working a few short sale deals that already have been approved and negotiated down to a good price. I planned on putting an option contract on them and then perform a double closing. Short Sale laws seem to be changing everyday now. I live in Oklahoma and have talked to many local lenders and national lenders and NONE of them will accept a B-C transaction due to title seasoning. I know FHA/VA has title seasoning issues for 90 days but these buyers are trying to buy with a conventional loan and still no luck.

Has anyone had better luck? or maybe Im doing something wrong? Maybe the laws have changed again and some of the posts on here for flipping are older.

Also is using an option to assign contract the right contract to use in this situation? If so how long should I write my contracts for to give me adequate time to find an end buyer?

Thanks for the help.