Wholesale Short Sale

[Louise Whidby]

Can a Real Estate Wholesaler do a Short Sale on a property?

[J Scott]

Are you asking if a wholesaler can buy and wholesale a short sale property?

If so, the answer is pretty much no. Short sales almost always require the buyer to sign an affidavit that promises that there are no other deals or contracts with the property -- as a wholesaler, if you have a contract or agreement with an end-buyer, you couldn't honestly sign that affidavit.

You can try telling the bank upfront that you'll be wholesaling the deal, but if you do that, they will almost certainly not agree to to the short sale.