Transactional Funding for Short Sales & REO Properties
Hello,
I'm new to this particular process, but can someone give some of your experiences with using transactional funding for Short Sales of REO properties:
1) What type of end-buyers should I seek for these types of deals?
2) How do I find qualified buyers for these types of deals
3) Should I already have end-buyers in place prior to placing a contract on the Short Sale or REO?
Let me know your thoughts
Most Popular Reply
Before you go and pick a transactional lender ask your title company if they recommend anyone. I have used a few national companies that charged me 2 points plus a $495 application fee. My title company recommended a local guy who was willing to lend for 1% and no application fee.
It might be far fetched but def worth asking!