Need advice for short sale

1 Reply

I sent out a letter about purchasing a home and got a call back. House is in short sale. Home appraises for 208,000. Home is a 3 bedroom, 3 bath, well maintained home. Motivated seller. She stated she got an offer of 150,000 and hasn't heard any news so she called me. Can someone give me some direction? I would like to wholesale this.

I don't know how easy it would be to wholesale a short sale. Not sure if the bank would accept an assignable contract. It also seems as though she has a contract for 150k that is probably already submitted to the bank for approval, so you would probably have to be a back up contract. Lots of variables that we don't know the answers to. Does she have the property listed by a real estate agent? If so I would contact the agent you work with, or speak with the listing agent directly to figure out the details and what could be done.

Good Luck, Aaron