GETTING PAID FROM LENDER A COMMISSION IF I CAN'T NOT PRODUCE MY OWN FUNDS?

Foreclosures, Short Sales, Tax Foreclosures
1

HI EVERYONE:

I AM LIKE MUST OF THE BROKE INVESTORS, LOOKING TO MAKE MONEY AFTER GETTING A LINE UP END BUYER. NOW, LET’S SAY LENDER ASKED ME TO SHOW MY OWN FUNDS TO APROVE MY OFFER. WELL I DON’T HAVE IT, BUT I HAD LINE UP A GREAT END-BUYER. COULD I TALK TO THE BANK AND TELL THEM I HAVE ANOTHER PERSON INTERESTED IN THE PROPERTY AND OBTAIN MAYBE 10% FROM THE SELLING PRICE ?, WHAT DO YOU THINK ?

2

NO WAY don’t even try it you will get yourself in a world of trouble. You have to be licensed to receive a commission. Just get a pre approval letter or use the end buyers, then reverse close it.