So I got a Wells Fargo approval today and it didn't have the usualy 30 day no flip clause on it. I did an experiment on this file and this is what I did differently.
1. Made the offer under a personal name.
2. Used the TREC contract and popped an addendum with the terms that I needed. The TREC contract is the regular purchase and sales contract used by the realtors in Texas.
See if this works for anyone reading it. The only issue may be getting funding under a personal name if you're using transactional funding.
If you know anyone who needs to sell their house due to foreclosure in Bexar Couty, San Antonio, TX, refer them to http://www.stopforeclosuresanantonio.net.
Your short sale expert,
Emilio Kim
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1 comment:
Nice to see the 30 day clause dropped... Keep rockin' it.
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