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All Forum Posts by: Peter Greenberg

Peter Greenberg has started 14 posts and replied 22 times.

Post: How to flip a home with a restriction

Peter GreenbergPosted
  • Cherry Hill, NJ
  • Posts 22
  • Votes 1

Thanks Luiz. Thanks for your reply . That's exactly what I suspected. I conferred with a real estate attorney who handles short sales in my area and he also pointed out that you can not sign an agreement to sell a property until after you own it.

Post: How to flip a home with a restriction

Peter GreenbergPosted
  • Cherry Hill, NJ
  • Posts 22
  • Votes 1

When a bank's short sale approval letter has a restriction that the subject house cannot be flipped within 30 days , can you sell your interest in an LLC and comply with the restriction? Are there strategies that investors use in order to facilitate a back to back close that are lawful?