Flip ? - Posted by Jonathan Rexford_FL

Posted by dewCO on October 30, 2000 at 22:36:31:

Steve Cook had a good post about this subject a few months ago. But if the archives aren’t updated to then it won’t help. He’s at flippinghomes.com

Flip ? - Posted by Jonathan Rexford_FL

Posted by Jonathan Rexford_FL on October 30, 2000 at 13:39:33:

Got a ? how are some of you taking title to get around the owner seasoning issue. I have a deed coming in for a perfect home that is in Foreclosure I have a second that is current. He just wants to walk with a little cash. He owes 54 on the first and 5K to me for the second. He 6 payments behind on the first and it is a VA loan so know short sale. It is worth 89K by appraiser. He paid 55K for it 4 years ago and put a lot of money in it with renovations and such. The problem is I cannot document what he has put in the home. Any Ideas? I was thinking about Land Trust subject to and flip this in 30 days. I need an answer fast.