Reinstating payments in a pre-foreclosure and buyung subject to
Hi everyone,
I found a pre-foreclosure deal with some equity. However, the property doesn't have enough equity to be a wholesale deal but it can be sold to a regular buyer at a discount. The property is in good condition, it just needs some landscaping work. After property taxes and reinstating the loan and doing some landscaping work, I'm estimating there's about 15K equity on the property.
My plan is to buy the property subject to and then sell it to a regular buyer but I'm not sure what steps to take to go through this transaction. Has anyone gone through this process?