I am not giving you legal advice, but I want to let you know that you need full disclosure on your short sale deals.
WHAT DOES THAT MEAN?
It means on your "A to B" contracts that disclose to the shorting lender that you intend to resell the property to a third party for a profit. Disclose this on your transaction. By doing this you can close your short sale simultaneously without any hassle from the bank because it was disclosed in your contracts. And your transactional lender will fund your deals.
If you are using the ever popular OPTION CONTRACT it probably has it in there already
Please make sure any contract you are submitting has disclosures in it.
Now go flip a house!
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