Updated almost 12 years ago on . Most recent reply
Wholesale Deal with Existing Loan
What would be my options if I had a home under contract that is under market value but seller had an existing mortgage loan? If the loan is less than market value is there equity? Is there anyway to structure the deal where the seller can get out of the loan or the loan be paid through the wholesale deal by the buyer? If there is a way I would like to buy the home, flip or assign the contract to a buyer for profit and the loan balance be paid to release the seller from the home totally. Is this possible?