Lender · Baltimore MD · Member since 2015 · 201 posts · 66 votes
10y
@Leo RobinsonYour best bet would be to find transactional funding. And do a Double close. From what I know, banks won't let you assign a contract. An added benefit is transactional lenders will give you a Proof of funds, which you will probably need to submit an REO offer.
Investor · Kitchener-Waterloo, Ontario · Member since 2008 · 1k+ posts · 1k+ votes
10y
@Roy N. Please let us know how it turns out if you end up closing that deal. It seems to me a lot of people could benefit by knowing that it's possible to negotiate on the financing with banks. Of course it's much less likely with residential property, but with commercial it's possible.