Contract Assignment

When you purchase a property at foreclosure auction in Maryland, you typically have 45-60 days to go to settlement. This gives plenty of time to find a purchaser. The contracts are transferable, however, someone informed me today that most conventional lenders will not lend on the new contract at a higher price. Has anyone had experience with this??



Thx.

Comments(1)

  • ltbryant9th July, 2007

    I would like to receive the answer and/or reply to the question above that asks about Wholesale forms and fees.

    Thank you.

    ltbryant

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