Wholesaling Propeties With No Equity?

[Chris Coughlan]

I've had a number of leads but none of the properties have had any equity. The sellers owe more than the property is worth. So basically in order for a deal to go through, the seller will still owe money and would have to get some other type of loan to pay off their mortgage.

Are others running in to these type of situations?
Is it a was of time tryng to work a deal on properties with no equity?

Thanks,

Chris