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 ]

Comments(2)

  • jllaco1st August, 2011

    Could this be considered some type of mortgage fraud?

  • AlenP17th August, 2011

    So you want to say that he could resell it easily without any legal issues?

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    Property Search Agent[ Edited by TheShortSalePro on Date 08/18/2011 ]

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