Financing Short Sale Deals

I have few questions about short sales:



Must CASH ONLY be used to purchase a mortgage that has been shorted?



Can the deal be financed by another mortgage through a bank or hard money lender?



Can you assign a short short sale deal?



Your responses are greatly appreciated.



Thanks,



Nate

Comments(1)

  • Moolamatch30th November, 2005

    Thank you Short Sale Pro. Man! Doing a deal in a legal manner is tough I tell you. All these real estate gurus and experts act like its a piece of cake!

    Like you might have read, I have 2 deals( easy part) but its the other things like title companies double closing issues etc...that are giving me a headache. Oh well, Ill just try my best to close these deals. And If I do, a lot of credit goes to this forum and you Short Sale Pro.

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