just got an approval for a short sale on a miami mansion for 1.1 million with the bank paying all the closing costs. I found a buyer that is willing to give me 1.35 million. the appraisal on the home is at 1.6 million. Will the buyers’ bank need to see my numbers that the bank approved for the short sale and if so will they give him (the end buyer) a loan if they know how much the profit is going to be on this one.
another question is what is the best way to do a double closing on this thing without putting up my money. my attorney says he can do the closing if the buyer agrees to allow me to use his funds to close on my deal first…I’m a little confused on this…
can anyone help???