Can You Wholesale VA/FHA Properties?

Just wondering if the VA has a problem with me assigning a contract to a cash buyer. Does FHA have any rules? TIA

Comments(4)

  • Realtor-Investor7th July, 2006

    Do you mean a VA/FHA forclosure?

  • Realtor-Investor7th July, 2006

    You would have to look at the DUE ON SALE CLAUSE...... If a seller transfers the property, then they have the right to call the loan due in full....

  • Realtor-Investor9th July, 2006

    The owner would not be able to take out another VA loan until the original was paid off....

  • cherdwelth16th July, 2006

    Check to see if there are any wholesaling companies in your area. By this I mean companies that go to trustee auctions at the court house steps and buy up houses, then sell them to investors for a quick wholesale flip. Many of them also loan money. I know of several in my state. The interest is quite high - around 18% but if its the only way to get cash quick, it might be worth it.

    Forgot to add ... most will approve or disapprove in hours and fund fast.[ Edited by cherdwelth on Date 07/16/2006 ]

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