Any creative ways to assign property on Hubzu?

3 Replies

@Jake K. you're going to need to double close. Use transactional funding (which funds your purchase if you don't have the money) or a private lender (e.g. friends and family) to close the Hubzu deal first. You can only get transactional funding though when you have a pretty firm end buyer. Lots of companies out there will transactionally fund you.  

Originally posted by @Marvin McTaw :

@Jake K. you're going to need to double close. Use transactional funding (which funds your purchase if you don't have the money) or a private lender (e.g. friends and family) to close the Hubzu deal first. You can only get transactional funding though when you have a pretty firm end buyer. Lots of companies out there will transactionally fund you.  

Thank you Marvin..and if I just cant find a transactional funder can I just let the Hubzu deal fall through? 

@Jake K. you could but read through the agreement to see what that would mean for you. It might mean you lose your earnest money deposit or any other random fees that get charged at the time of the auction closing and you signing your agreement.