Can Someone Give Me Some Advice..
First let me start with Happy New Years to all.
I have question, i talked to a person today i know that work in the loan department . Hes telling me that he has a property right now thats going to default but before he tell me any info, i have to cut him a certified check for $5000.
Does that price sounds to high ? and remind you that im a wholesaler..He told me that we will have to sign a contract together stating that this check is contingent upon closing on 123 main st..
How does this sound to you? Who should hold the money ? Thanks for the help..
And what if the property is no good? I wouldn't do it.
[addsig]
Hes telling me the check wont be cash until closing. Should i go through with this?
Good advice Fishbowl! I would not give anyone a certified check in advance.
yasmineyoung, i see you live in NY also are you a rehabber? just shoot me an email maybe we can do some business together.