I am considering purchasing a short sale as an investor (paying cash so no loan involved) and have already identified a cash buyer for me to sell the property to after my purchase.

When inquiring about a simultaneous closing with the title company, I was told the seller's lender (who approved the short sale) might have a clause to reinstate the loan if I flipped the property to another buyer within a certain time frame. I never heard of this. Has anyone experienced or seen this? What is that time frame?