Legal Question in Real Estate Law in California

Is it possible for an investor to resell a property within 90 days if it was not used as a primary residence?


Asked on 9/12/09, 1:15 am

1 Answer from Attorneys
George Shers Law Offices of Georges H. Shers

In general, why not? If the lender you bouught it from has a clause in the sales agreement that you can not [Freddy Mach apparently does] you are bound by the sales agreement. You could always sell the person an option to buy not executable until after 90 days but he picks up all the expenses during that time. There are undoubtedly otherways to get around that provision that tries to end flipping.

Read more
Answered on 9/12/09, 1:20 am


Related Questions & Answers

More Real Estate and Real Property questions and answers in California