flipping reos

[Shane Peck]

I recently read an article stating that banks holding reo's are forcing investors to hold the property for 90 days before flipping. Now does this apply when an investor is flipping a property to an end buyer by means of double closing? Any restrictions with fannie mae and freddie mac reos when doing double closings

[J Scott]

Originally posted by Jeff Coga:

Now if they put a deed restriction on it... you really gotta think of a few things.

#1- Are they making you sign an affidavit... or are they telling you that you cant?

They'll actually put a restriction on the deed that will encumber the title for 90 days. Your end-buyer would not be able to get clear title until the restriction expires, regardless of whether you're willing to accept the risk or not.