Hey there everyone I was wondering if it is possible to wholesale an active foreclosure or no?
Thanks so much
@Mahmoud Y. Elhalawany you can wholesale a pre-foreclosure. Its very tough if it has already been foreclosed on because a bank usually owns it and they have their own way of liquidating properties.
@Adam Mitchell so once an attorney gets involved and begins getting paid it's now REO?
@Mahmoud Y. Elhalawany As soon as the property fails to be sold at auction it becomes an REO. You will be able to find these properties on sites like MLS, Auction.com etc.
Hope this helps!