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Updated over 15 years ago on . Most recent reply

User Stats

73
Posts
20
Votes
Marcus Mccray
  • Real Estate Consultant
  • Monrovia, CA
20
Votes |
73
Posts

Putting myself on title to get around 90 Day Seasoning

Marcus Mccray
  • Real Estate Consultant
  • Monrovia, CA
Posted

Any and all input would be appreciated! Especially from experience!

I have just begun negotiating with a bank to buy a short sale which I plan to double close. The home owner is willing to put me on title in an attempt to get around the 90 day seasoning clause. My first choice is to sell to a cash buyer but I'm doing this to have another route to be able to sell to a retail buyer.

My concerns are:
1. Will this kill my deal if the short sale lender discovers this?
Note: I have done a short sale a year ago where father deeded property to son with no mention of the transfer by the lender

2. Is it better to add myself or have seller transfer 100% ownership?

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