Wholesale Dilemma
Hello BP,
I'm currently in a bit of an unusual situation.
I put a property under contract with intentions to reassign the contract, then started marketing it. Within a few days a potential buyer contacted me and put down a $1,000 binder. We both signed the assignment contract and then he was gone and unresponsive. A few days have passed and the buyer has not returned any calls, texts, e-mail, etc.
What am I to do in a situation like this? Do I have to let the original purchase contract expire before I can attempt anything with the property?