Wholesaling foreclosures & Power of sale in Canada & in general

[Victor Parag]

Hi Everyone,

I took all the experts advise and partnered with an investor friendly Realtor. He has told me about a Power of Sale property.

How do I go about wholesaling a bank owned property (foreclosure/power of sale) since I cannot assign a contract.

I have read that simultaneous closing is the best way, but there is no specific explanation on how to do this.....well that i could find.

What paper work is needed with the A-B and the B-C transaction and what other paper work is needed?

Do I need to get a cash loan from a hard money lender?

I hope you can help me.

Thanks in advance