Wholesaling a home with an active mortgage

[Kaden Flores]

So this is a new one for me... Listing price is at 130k and agent mentioned that the seller has wiggle room to drop the price. However, there is a mortgage on it with about 80k left, is it even worth trying to still go for this house or is that up to my buyers to see if they would want it still?

[Jonathan Greene]

Did you think all wholesale deals were done on cash-owned homes? Most people have a mortgage on their home when they sell it. The mortgage company gets paid off first, then in a traditional sale, the rest minus agent fees and utilities and closing costs goes to the seller. I'm not sure what the issue is on this.