A local wholesaler has recently taken title to a property he was trying to wholesaler for quite sometime. He informed me that he was still trying to sell the place although he has just taken title.
I have now FOUND a buyer and want to proceed to closing with him. What issues will I run into with title seasoning since the wholesaler has only owned the home for a week now?? How can I avoid title seasoning?
Thanks in Advance.
Title seasoning is a problem with lender 'requirements' not the law, and generally only with gov. backed loans. This is why it is best to wholesale to Cash Buyers, but if you need to sell on the retail market, many conventional loans will have no seasoning requirements.
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