Can I buy a REO house and do a back to back sale

In Selling Property - Asked by alfred c. - Aug 26, 2011
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Answer(s)

Rob M.
Lender/Mortgage Broker
Houston, TX

What did you rlemder say last time?

Aug 26, 2011
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Chris R.
Broker/Agent
Denton, TX

You can but the 2nd sale may not qualify for a govt backed mortgage loan until the property is owned for a period of time - 6 months. Sale for cash or other financing not involving any govt related loan program would be OK

Aug 27, 2011
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Jesse M.
Broker/Agent
Copperas Cove, TX

Depends on the terms of the Owner. Typical VA Forclosures/REO's in the Fort Hood Area require that you own the property for 60 days.

Sep 9, 2011
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