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Updated about 9 years ago on . Most recent reply

Andrew Spencer's profile image
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Andrew Spencer
  • Real Estate Agent
  • from Brockton, MA
  • Member since Jan 8, 2016
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Andrew Spencer's profile image
Andrew Spencer's profile image
Andrew Spencer
  • Real Estate Agent
  • from Brockton, MA
  • Member since Jan 8, 2016
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Andrew Spencer
  • Real Estate Agent
  • Brockton, MA
7
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33
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Starting Out

Short sales

Andrew Spencer
  • Real Estate Agent
  • Brockton, MA
Posted
Are you able to wholesale a pre-foreclosure property without legal issues with the IRS and FBI for fraud?
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Wayne Brooks
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Wayne Brooks's profile image
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Wayne Brooks
  • #1 Foreclosures Contributor
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  • Member since Jul 27, 2012
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

No, but it's generally a delusional idea.  Banks don't give away properties in a short sale, and if a wholesaler actually gets one under contract, and gets an approval, the approval price is for more than he can wholesale it for.....so generally just a big long total waste of time for everyone, including the owner.

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