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Updated almost 8 years ago on . Most recent reply
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Wholesaler negotiating a short sale
Hello Bigger Pockets Family,
I am new to wholesaling in Washington and have a motivated seller. The issue is that we need to negotiate a short sale in order to get the property balance down. The seller just wants to avoid foreclosure. I was informed that the property first needs to be listed with a realtor and then some forms need to be filled out.
Have any other wholesalers had to do this? Does the realtor commissions cause any issues with the spread? And shared experiences would be great.
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I'm not really sure this is something a wholesaler can do? I could be wrong, but I don't think a bank would be willing to go through the negotiations of a short sale without a qualified realtor? I'm interested to see where this conversation goes, I just might learn a thing or two?