So, how can this sale go thru?
The seller must be on title for how long?
If the buyer is using FHA, title must be seasoned for 90 days now, as I understand it with the new FHA rule in place.
With others, it is more, and some non existant.
I see the problem, and perhaps a solution.
Your sellers are on the title for more than a year I presume?
Have them sell to your buyers.
Unless you took title already?

You could record a mortgage, perhaps a performance mortgage against the property.
(i'm assuming you have the short sale agreements in writing with the lenders?)
Get your attorney to draft a couple of new docs for you.
1. A mortgage, performance mortgage, or an agreement to release the sellers from the original agreement with you, for the amount of your profit.
2. A new purchase and sale agreement between the buyers and your sellers.

When it comes time to close, the title company or lawyer, who ever is handling it, will contact all lein holders for payoff.
You will provide the closing agent(attny or title rep) with the short sale payoff amounts in writing, since you have them already, along with the payoff for your lein........which will of course be the amount of your profit.

The sellers then sign a deed, conveying title straight to your end buyer, with you getting paid at close...........never being on title, therefore no seasoning issue.

This is one way, and I've used it more times than I can count.

If you don't want to go thru this, then direct your buyers to a lender who does not require title seasoning, there are still some out there.

By the way, not to step on the "Kings" toes here, but seasoning IS an issue now with purchase mortgages as well as refi's, depending on the lender.
Check the recent changes to FHA rules concerning this to verify.

Good luck, and hope this helps,
Jim @ REmentors.com
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