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Updated over 10 years ago on . Most recent reply

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Tammy Theiss
  • Hilliard, FL
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new wholesale assign

Tammy Theiss
  • Hilliard, FL
Posted

If I get a preforeclosure and for some reason do not find a investor to pick it up how to I come out of it?

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Richard C.
  • Bedford, NH
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Richard C.
  • Bedford, NH
Replied
Originally posted by @Tammy Theiss:

If I get a preforeclosure and for some reason do not find a investor to pick it up how to I come out of it?

 Please think about what you just asked.

A pre-foreclosure.  These people are about to lose their home.  By tying it up in a contract, you prevent them from continuing to market it, and selling it to an actual buyer before a foreclosure wreck their financial world.

Doing that with no intention of closing yourself if you cannot find a buyer is absolutely crappy behavior.  This is exactly the sort of thing that makes so many people hate wholesalers.

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