Updated almost 7 years ago on . Most recent reply
What to say to a seller, Not a good deal.....
Hello everyone, I'm very new to wholesaling, I been marketing and I have this property that I can not help. They have a mortgage balance that is more then the property. I don't want to say the wrong thing to them in this really hard situation that they are in. Does anyone have any kind words?
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They have an option, which is to short sale their property. They probably won't walk away with any cash, but they an keep a foreclosure off their credit, which is a pretty big deal. Find someone local, who negotiates short sales. It's usually a realtor or attorney (just google "stop foreclosure (your city)" or "short sale (your city)" and you'll find someone). The best way is to contact another investor and ask him or her.
Short sale negotiator/loss mitigator needs to be part of your power team. Work out a deal with one, where you refer the leads for a piece of the action. And any lead you get that needs one, you refer over to them.
Good luck!