I placed an offer on an REO property. I have provided a funding letter with a small deposit with the offer. I have an interested buyer, who has been approved with FHA and 201k. Would like to know, if my offer is accepted with the bank, could i do a double closing with this buyer. or is it preferable to get a cash buyer.
You will need a cash or hard money buyer, or a lender who does not have title seasoning requirements. FHA won’t fly…