Updated almost 7 years ago on . Most recent reply
Foreclosures bank owned
Can I make an offer on an REO, have it accepted, and then assign it to a buyer for a higher price? Essentially a foreclosure wholesale? Thanks!
Most Popular Reply
@Kevin Christensen it depends on the bank and the specific contract. Generally no, without finding a workaround. One common on is to buy in a newly formed LLC and then sell the LLC. Another technique is to use transaction financing to purchase it and immediately resell it.