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.
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.
@Sebastian Vargas Unless you can show a Legit POF for an LLC you are buying in, you won't….aside from the fact that you won't likely get approval for a price you can wholesale. -you must provide a legit POF.
- the Approval is only good for the buyer on the contract, no assignments allowed.
We bought a lot of short sales around 2012-2015. In addition to the approval only being for the buyer name on the contract, most banks also put deed restrictions on property not allowing it to be resold for a period of time, generally 30 - 90 days.