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Re: Title Seasoning

Posted by Rick, the Probate Guy on December 05, 2009 at 10:05 AM

In Reply to: Re: Title Seasoning posted by Seller in CA on December 04, 2009 at 10:51 PM

So, if you've done this much reverse engineering of past deals, why the post?

I would think that you can distill the name(s) of lenders who've funded the buyers' of post- trustee sale purchases.

Somehow, I think that you're looking for a magic lender that will fit exactly your criteria. They may be out there, but by the time you find this rare bird, things may well have changed.

We have a deal right now whereby my investor foreclosed on the property, transferred it out of his personal vesting and into a THT for privacy purposes, and yet buyer's lenders are still skiddish.

The facts are, lenders are at minimum wary of short-term resales. Accept that or not.

I've heard someone had a secret formula for navigating around the FHA 90 rule, which is now even becoming imposed by conventional lenders. Maybe you could buy their course. A group us of might even come visit you and bring you "tradeable" smokes, magazines, or a cake with a metal file in it or other contriban(if things go REALLY BAD on your end)

Meanwhile, I've got profitable business to tend too..


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