Comments - SHORT SALE APPROVAL LETTER LANGUAGE - Short Sale Superstars2024-03-28T20:44:41Zhttp://shortsalesuperstars.com/profiles/comment/feed?attachedTo=3468065%3ABlogPost%3A350120&xn_auth=noThanks Bryant. There are no…tag:shortsalesuperstars.com,2014-06-04:3468065:Comment:3500642014-06-04T12:12:30.065ZLance Pricehttp://shortsalesuperstars.com/profile/LancePrice
<p>Thanks Bryant. There are no re-sale restrictions (i.e. that 30-day resale clause from BOA back in the day) so I guess we'll need to close on it first before getting it sold to our exit buyer. </p>
<p>Thanks Bryant. There are no re-sale restrictions (i.e. that 30-day resale clause from BOA back in the day) so I guess we'll need to close on it first before getting it sold to our exit buyer. </p> This is pretty much a standar…tag:shortsalesuperstars.com,2014-06-03:3468065:Comment:3501312014-06-03T16:30:33.624ZBryant Tutashttp://shortsalesuperstars.com/profile/bryanttutas
<p>This is pretty much a standard clause. It relates to simultaneous flips, pocket buyers at a higher price or any other deals related to the property. They must be disclosed to the lender or it can be considered fraud.</p>
<p>Save the selling of the property until after you own it and you should be ok as long as there are no resale restrictions.</p>
<p>Always seek legal advice.</p>
<p>This is pretty much a standard clause. It relates to simultaneous flips, pocket buyers at a higher price or any other deals related to the property. They must be disclosed to the lender or it can be considered fraud.</p>
<p>Save the selling of the property until after you own it and you should be ok as long as there are no resale restrictions.</p>
<p>Always seek legal advice.</p>