short sale
Hi i am known as jenkers
I'm getting ready to do my first short sale when I read somewhere that you should'nt use and/or assigns when presenting an offer to a conventional institution. Is this true. Any advise would be greatly appreciated.
thank you 
Dear P,
You cannot use the words and/or assigns when doing a short sale. Look at it from the banks point of view...why would they take a loss just to watch you make an assignment fee. They wouldn't. The bank is aware that you are going to make money, they just don't want to see it.
You need to close the deal and get it off the banks books. We like to wholesale after we short sale. This way we need no money.
Good luck!!!
Dwan