Wholesaling HUDstore properties in MD

[Stephen Miller]

I am thinking of pursuing this avenue. I just want to make sure it is legit to present a transactional funders POF letter, and do a double closing with these types of properties as I understand they keep the EMD no matter what

[Russell Brazil]

Wont work. An agent will only accept a contract that is standard, the one written by the Maryland Association of Realtors, and that contract is not assignable. Now you could try to actually by it and sell it....but that isnt likely to work either. If an investor wanted the property, they would just buy it straight from HUD.