Can someone give me the steps to wholesaling pre foreclosures

[Account Closed]

I aware of how the wholesaling process work but can someone explain to me how the process ( paperwork) goes when it comes to wholesaling pre foreclosures

[Jay Hinrichs]

Originally posted by @Ned Carey:

@Account Closed get the property under contract to purchase. Then either

1. Settle on the property and  then re-sell. Use transaction funding if you do not have the funds to settle yourself. 
2. Assign (sell) your contract. you use a second contract to assign the first contract.

In many states including MD, There are laws to protect homeowners in ore-foreclosure. These laws can have very tough penalties; high fines and jail time. 

 same on the west coast.. this is not an area the wholesale community should get anywhere near.. you tie up a home and cant close and the people lose it.. there could be felony prosecution that will follow..  And rightfully so.. so many wanna be investors with no money got into this stuff and really harmed many good americans.. its sad really.