All Forum Posts by: Craig Shrimpton
Craig Shrimpton has started 1 posts and replied 2 times.
Post: I have sellers out of state but no buyers.
- Charlemont, MA
- Posts 2
- Votes 0
On their website they write: "Sell your home fast! Our network of investors and buyers are ready to make a fast cash offer on your home now!"
Who are their "investors" if not you?
Post: Wholesaling and the seller's bank
- Charlemont, MA
- Posts 2
- Votes 0
Nothing I've read about wholesaling ever addresses the objections a seller's bank would have to a deal like this.
First, in a short sale the seller can't receive anything so you will have to deal with the bank or an agent. They would probably not be amenable to an assignment contract.
Second, if the seller is in trouble but not yet in foreclosure, his bank is not about to let him off the hook for 50% of ARV if the mortgage isn't satisfied.
Everything I've read seems to imply the seller is actually free to make any deal they want, but this is almost never the case.
Is wholesaling for real? It sounds too good to be true.
Thanks.