Seller owes too much on mortgage

[Alex N.]

If the seller still owes too much on the property and it needs work as well. Would it make sense to wholesale it still?

[Tom S.]

@Alex N.  Depends on what you define as "owes too much on the mortgage".  If it's a high mortgage balance but there's substantial equity, then no problem.  If the seller how more on the mortgage than the property, I would probably just move on.  Although I'd be surprised with the huge recent increases in housing prices someone would still be "underwater".