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Updated over 6 years ago on . Most recent reply

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Lawrence Audena
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Can deals be made wholesaling pre-foreclosures?

Lawrence Audena
Posted

Hi Everyone. QQ seeing if anyone can land a hand. So, I created a list of more then 120 pre-foreclosure properties, I am going through and inputting all the trustee contact info unto a spreadsheet.  Alot of the properties i'm currently focusing on are absentee owners. I have the current property owner addresses no contact #'s. I also have the trustee addresses and telephone #'s for the properties.  

My current questions are.....

Q1. Can a deal still be done since it's in pre-foreclosure?

Q2. If so, do i reach out to the owners or the trustee of the properties?

Q3. If not, do i scratching pulling pre-forclosure list?

Any help would be appreciated.

Lawrence

Most Popular Reply

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Mark Sewell
  • Investor
  • Houston, TX
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Mark Sewell
  • Investor
  • Houston, TX
Replied

The short answer is yes, you can, at least where I live, but be careful.

Please, be certain that you can actually close on these deals, if you put offers out on them.   I mean you, not just some mythical creature on your buyers list.  These people looking at a hard FC date are really up against it at this point.  They are really and truly depending on you to come through, and they don't have enough to time to list it or to 'try again' later with some other wholesaler if your buyer cannot close, for whatever reason.

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