Pre-foreclosure & Wholesale. Is it too late??

[Brittany Adams]

Owner calls you (wholesaler) about their property, literally, the day before the tax auction. What do you do? Is there still time? I’m in Texas btw.

[Christopher Phillips]

@Brittany Adams

Assuming it's a trust deed, there might be a process available to speak with the trustee and let them know that a potential sale might take place and to hold off the auction. But, it better be cash and quick. Texas doesn't mess around with these things.

If it's a shortsale, it's not going to happen. They bank would require that the property be listed on the local MLS and there isn't enough time for a shortsale in Texas.