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Updated over 5 years ago on . Most recent reply
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Can you wholesale a property that’s on short sale?
Am I able to wholesale a property that’s on short sale and if so what advice would you give. All info appreciated. Newbie here.
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So, let's review. The lender is about ready to take a loss on the property. And, the lender has agreed to do so only if they have the right to approve the sale and the contractual terms. As a former banker and a broker, there is no way that a short-sale lender is going to take a chance on having a "maybe buyer." The contract will not be assignable under this scenario. It's not worth kicking those tires.