Updated 8 days ago on . Most recent reply
Little help over here
So back in the late 90s I had to run at wholesaling, did over 100 houses. They were true wholesale deals all sold free and clear for cash and owned outright. And now I have an opportunity to flip a house with a mortgage in place but lots of equity. I've never done one like that. It is not a subject too as I understand it I would like someone to walk me through selling, receiving the fee, even with an existing mortgage, not opposed to a simultaneous close as long as it can be explained to me to the point where I have no questions.
the Seller and I have a good relationship and it's possible he'd be willing to pay off the mortgage prior to the sale