Posted by Mike on April 13, 2009 at 05:13:50:
You need either a buyer that qualifies Fannie Mae (FNMA) or has cash or hard money lined up.
Chances are you are looking for a FNMA buyer. If you have one that has a broker already, contact their broker or loan officer just to make sure that seasoning will not be an issue.
Also, make sure your title company is cool and familiar with the scenario. There is some correspondence that will take place between them and the end buyers underwriter that is extremely important.
No Title Seasoning and/or John Alexander? - Posted by Al
Posted by Al on April 12, 2009 at 21:30:47:
I am in MA and I am presently working on a couple of short sales that I plan to do a back-to-back closing on. In order to accomplish this I need to find a few lenders that DO NOT have title seasoning requirements for my end-buyers. (Banks, Credit Unions, etc.) Any suggestions?
During my research I have come across John Alexander’s “Home Seller Assist” program. Has anyone heard of or ever done a deal through this system/company?