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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] what to say to.... Posted by gcastro on October 28, 2003 at 10:23 PM Ward, I am selling a property that I bought using the THT method, and now I found a Buyer. I am scared however that my buyers bank might not want to do the finance since I have not owned the property for more 3 months, and usually they require the seller to be on title for at least 6 months. Anyways if the bank raises an eyebrow, I was planning to say that the property was transfered into a trust, for state planning purposes, and that I was named as the trustee, with power to sell the property. I think that by saying that I might prevent the Buyer's bank from getting stuck on the "flipping issue". How would you handle that Ward? Follow Ups: Explain you're a foreclosure buyer... Ward-CA- 4:09 PM, 10/29/03 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Ward, I am selling a property that I bought using the THT method, and now I found a Buyer. I am scared however that my buyers bank might not want to do the finance since I have not owned the property for more 3 months, and usually they require the seller to be on title for at least 6 months. Anyways if the bank raises an eyebrow, I was planning to say that the property was transfered into a trust, for state planning purposes, and that I was named as the trustee, with power to sell the property. I think that by saying that I might prevent the Buyer's bank from getting stuck on the "flipping issue". How would you handle that Ward? Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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