does this mean we can wholesale REOS… Fannies and Freddies? anything we need to know?
No, you have to be owner of record before you can accept a 3rd party contract. So from the day you accept a contract, then the bank will order appraisals and it will take at least 2 weeks before you can resell to a FHA buyer. Most likely 45 days.
what about selling to a cash investor or Conv loan?
Cash investor don’t assign double close on it then they dont see your profits do a A2B B2C transaction.