Wholesaling a pre-foreclosure

3 Replies

Originally posted by @Dan Barli:

A big difference is what the short sale approval dictates David. Have you obtained that yet? 


 

Huh? Maybe I missed something. Where did anything about a "Short Sale" show up in the OP's message?

@David Gamble There are lots of reasons owners are not paying the mortgage, some have equity so a wholesale, cash ‘as is’ offer would be standard. If your offer doesn’t payout the total amount owed the seller would have to come up with the difference at closing. If they are unable or unwilling to do this then suggest a short sale negotiation with the lender. Short sale transaction are harder to wholesale depends on what the lender will accept.

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