Buying a preforeclosure from a wholesaler
I talked with a wholesaler that has a preforeclosure under contract. What steps can I take to ensure I'm not wasting my time and there aren't multiple liens on the property? The rent coming in should be about double the mortgage so I'm struggling to figure out how it has become a preforeclosure and it has me worried that there may be more going on and they are just trying to sell it cheap. I know I need to check the rent roll and all other due diligence, I just want to make sure that I don't get to the closing table and get hit with a bunch of surprises on the title.