REO Bank Foreclosure & Wholesaling
I found a bank foreclosure property that requires a written contract and a pre-qualification letter from interested buyers.
I wrote the contract; however, as a wholeseller, how can I work around or solve the issue of the pre-qualification letter? 
Banks usually do not take contracts on assignment. You may actually have to buy and have it in your name.
Another option is to refer it for a fee to someone. You may even want to put the lead in the TCI REalty section.
As for the pre-qual letter, just call your local mortgage broker. they can pre-qualify you over the phone usually.
In some cases, the bank may ask that a pre-qual letter accompnay the contract, but will consider the contract without it. Having a letter will strengthen your position, though
Good Luck!
Thank you for the info 64Ford
Draftee Investor.
We bought a REO from BankOne last year. If you are dealing with a REO property, it is a lot easier to have your real estate agent negotiate the deal for you. The bank will pay out set real estate commission anyway.