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Updated over 17 years ago on . Most recent reply

User Stats

26
Posts
2
Votes
Elizabeth Einecke
  • Investor
  • Myrtle Beach, SC
2
Votes |
26
Posts

REOs and Double Closings

Elizabeth Einecke
  • Investor
  • Myrtle Beach, SC
Posted

I have been looking at several below market REO properties in my area(Northern Ca). I know that lenders will not accept contract assignments on REOs. Could a double close work if I got an offer accepted by the lender and had an end buyer who wanted the property?

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