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Updated almost 11 years ago on . Most recent reply

Account Closed
  • Clearwater, FL
10
Votes |
46
Posts

Wholesale A House With A Line Of Credit

Account Closed
  • Clearwater, FL
Posted

Hello,

I have a question about lines of credit on a home. A woman called me off of a Craigslist ad and is interested in selling her home. She owns the home free and clear, but has a line of credit on the house, the amount of which she would not tell me. My question is, is it possible to wholesale her home with the line of credit she has on it?

I'm fairly new to wholesaling, so any advice would be appreciated. Also, if there is any pertinent information that I may have left out needed to answer my question, please let me know.

Thank you in advance.

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