Substitute of purchase / Power of Attorney
Hi!
Has anyone ever wholesaled a property through a substitute of purchase aka power of attorney?
Let me clarify, I am a wholesaler and an investor called me saying he has properties he bought at auction, put a deposit, and now wants to sell. He says he has the power of attorney but i am not familiar how all that works. I am familiar with the traditional seller to wholesaler to buyer transaction but have never dealt with a situation like this. Can someone give me a basic understanding how that works? How do I buy? How do I sell? Can this still be done as an assignment? Sorry if my post is not clear, please let me know and I'll try to provide additional information.
Thanks in advance for any feedback!
@Marcel Pean did you ever figure this out?