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Updated about 7 years ago on . Most recent reply
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Are all of my ducks in a row here?
I’ve been focusing my studying on Wholesaling Pre-Foreclosures lately. I’m ready to take that leap, but I want to make sure I have everything lined up correctly first. Please fill holes where you see fit.
With the auction deadline in mind, of course.
1. Get the property under contract with P&S
2. Find buyer
3. Add fee and assign to buyer w/assignment contract.
4. Close before auction date. (Seller’s proceeds pay off back taxes and liens first, then he/she receives the rest)
Done...?
I’d also like to add in an option and a clause where the seller may also find a buyer if he/she can, as to not tie up the property when it can be sold if I don’t find a buyer.