Newbie Question
I am looking to get my first wholesale deal under my belt. Is it possible to wholesale a pre-foreclosure. If so do i need to go through the lender as if it was a short sale. Could anyone walk me through the process.
I am looking to get my first wholesale deal under my belt. Is it possible to wholesale a pre-foreclosure. If so do i need to go through the lender as if it was a short sale. Could anyone walk me through the process.
If the house is in "pre foreclosure" ., and you want to wholesale it, you need to deal with the current owner & get control of the Deed. Either by putting the property under contract or buying it outright then reselling it.
If it is a short sale opportunity, you still need cooperation of the homeowner before you can approach the lender with the proposed short sale.
Not all pre- foreclosures are short sale candidates.