Conditional Bank Loan vs. Wholesaling
Had a question that I hoping that someone may have the answer to. We currently have a house under contract, a potential buyer contacted us and said that they may use a loan. To my understanding most banks won't deal with assignment contracts so since the property is owned free and clear we were thinking of creating a contract with the motivated seller to do a quick deed in our name ( with the understanding that the seller will still get what was stipulated originally) so that way a traditional bank loan would work. Has anyone done this before? Thanks.