Posted by Natalie-VA on October 25, 2007 at 14:30:35:
Shane,
You might consider re-posting this with a little clarification. I’m not sure who “You” are in the scenario. Are “you” the seller, a wholesaler or what?
–Natalie
Short sale technique/loophole - Posted by Shane Haffey
Posted by Shane Haffey on October 22, 2007 at 20:10:59:
What can you tell me about the legalities of investing in short sales using this technique. The end buyer brings money to escrow for the price to which you and the short sale lender have agreed. You give your end buyer a grant deed to the property. He also brings a check for the amount of your margin. You close in your name using the end buyers money and the short sale lender is satisfied. The end buyer then records the deed he already has in his possession. In this way, the short sale lender cant complain because the money has been deposited in your escrow account.