Foreclosure University Forum

short sale close questions

by Mia, Thursday, December 23, 2004, 14:32 (5201 days ago)

1. Is there any problem with the new buyer getting a mortgage> If the property is now in the family trust is title ok when viewed by new mortgage company> I recorded the deed 12/21 and expect to sell by 1/27.

2. If we do a simultaneous close - I can sell to the new investor first (with the rights given to me by the trust) for agreed amount and then pay off the lender in the amount of the pay off agreement second>

3. Who is the check made out to for the money left over - the family trust or me personally>


Complete thread:

 RSS Feed of thread

User Menu

Forum Search

 

Featured Product

foreclosure home study course
"The Investors Complete Foreclosure Home Study Course - Only $47"

Discover a Proven System for Buying Real Estate Foreclosures 30%, 40%, and 50% Below Market Value. Generate Huge Returns Using This Step-by-Step Foreclosure System.

Learn More - Click Here

Forum Statistics