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Updated over 1 year ago on . Most recent reply

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Sebastian Vargas
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How to wholesale a bank approval short sale?

Sebastian Vargas
Posted

Any recommendations about short sales that need bank approval and what to do next when the offer is accepted? Thanks 

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418
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Dan M.
  • Real Estate Investor
  • Unadilla NY
297
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418
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Dan M.
  • Real Estate Investor
  • Unadilla NY
Replied

I don't think that you would be able to. The bank is going to make you sign their contract, not the other way around. Your contract has escape clauses and the ability to resell the contract to a third party. I don't think any bank in the world would allow that, or have that in their standard contracts. 

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