Lis Penders forclosure

[Tom Jeses]

I received a call from a motivated sell who just wants to get rid of the property. I was doing my own research on the property and found that the property is in lis pender forclosure. He said if he doesn't sell the property it would be auctioned. Is there anyway I can close this deal? I'm new to wholesaling as well. 

[Paul Amegatcher]

Originally posted by @Tom Jeses:

I haven't offer him yet but he said he just wants to get rid of the property. @Paul Amegatcher

 So offer to buy the property for the amount owed.  If the he owes $15k plus foreclosure fees then offer him just that amount.  Verify what the house needs before making the offer but if its worth $95K as you stated then you should be able to sell it for at least $30k-$40K without rehabbing it.  You may have to bring in another investor if you do not have the funds to close.  In order to avoid issues with this deal I would get the funds to close on the property and take title.  Once you are on title you can market it to whoever without violating any state laws because you would be selling your own property. Call me if you need help in structuring this deal.