How Quickly Can You Resell A Foreclosure And Buyer Get Financing?
If a friend and I buy a house at the courthouse and the deed is put in his name only, can he turn around and sell the house to me for the actual purchase price and will I be able to get conventional financing with 20% down? Sale would be about 30-60 days out from the courthouse purchase date.
See any gotchas??
Thanks ALL!
[ Edited by jllaco on Date 08/01/2011 ]
Could this be considered some type of mortgage fraud?
So you want to say that he could resell it easily without any legal issues?
------------------------------
Property Search Agent[ Edited by TheShortSalePro on Date 08/18/2011 ]