I am learning a lot about short sales from 2 books that I bought and reading from lots of online short sale message boards/discussion groups. If I were able to successfully negotiate a short sale deal with the lender/loss mitigation and if the homeowner signed a purchase agreement with me, would I be allowed or would it be legal for me to sell my position to another real estate investor since I don’t have the funds/credit to purchase & rehab the house.
I guess I am asking can I wholesale a short sale deal OR can I assign it OR can I do a double or simultaneous closing. I occurred to me that this might work since my mentor has given me permission to tell people that we are business partners. Thanks in advance for your help.