OK Im assuming you mean pay the $2700 and then resale for more money.
The lady said that I would need proof of funds and then I could pay $200 for an option. If I was to pay $200 for an option what would be my next step? Attempt to do rehab work to increase the value or trying to find a bid from a third party that is higher than $2700
HUD does not accept options either. HUD does not allow you to do any work on the property until you are the owner of record.
Are you talking about a HUD foreclosureproperty? Who is the lady telling you about an option?
A double close happens when you purchase the property in one settlement and then turn around and sell it in another (separate) settlement. These may happen on the same day, or ten days apart.
HUD does not allow assignments. You can double close, however.
Whats a double close?
OK Im assuming you mean pay the $2700 and then resale for more money.
The lady said that I would need proof of funds and then I could pay $200 for an option. If I was to pay $200 for an option what would be my next step? Attempt to do rehab work to increase the value or trying to find a bid from a third party that is higher than $2700
HUD does not accept options either. HUD does not allow you to do any work on the property until you are the owner of record.
Are you talking about a HUD foreclosure property? Who is the lady telling you about an option?
A double close happens when you purchase the property in one settlement and then turn around and sell it in another (separate) settlement. These may happen on the same day, or ten days apart.