Should I assign my contract to a cash buyer or hard money investor?

[Joseph Hernandez]

Hello. 

I'm a newbie wholesaler. If I have a pre-foreclosure deal and the seller is in NOS stage, do I have to find a cash buyer for the deal, or can I assign the contract to a HML buyer by delaying the foreclosure, since time is of the essence? I prefer a HML buyer because I think (I may be wrong) a HML buyer will pay more for the property, hence, my assignment fee will be higher. Based on your experience, am I correct?

[John Slater]

Quote from @Joseph Hernandez:

Hello. 

I'm a newbie wholesaler. If I have a pre-foreclosure deal and the seller is in NOS stage, do I have to find a cash buyer for the deal, or can I assign the contract to a HML buyer by delaying the foreclosure, since time is of the essence? I prefer a HML buyer because I think (I may be wrong) a HML buyer will pay more for the property, hence, my assignment fee will be higher. Based on your experience, am I correct?

 Whoever will close before the sale date.  Worst case scenario you don't find a buyer and you hurt the borrower by not closing in time and they end up losing it in foreclosure because they trusted you.  Not sure where you are based but in California you could expect to be in trouble if that was to happen.