Updated about 10 years ago on . Most recent reply
Short sales
Are you able to wholesale a pre-foreclosure property without legal issues with the IRS and FBI for fraud?
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Wayne Brooks
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Wayne Brooks#1 Foreclosures Contributor
#1 Foreclosures Contributor
- Real Estate Professional
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No, but it's generally a delusional idea. Banks don't give away properties in a short sale, and if a wholesaler actually gets one under contract, and gets an approval, the approval price is for more than he can wholesale it for.....so generally just a big long total waste of time for everyone, including the owner.