1st time wholesaler

[Jana Gruttner]

I am just in the beginning talks with a motivated seller. He is 2 years behind on his mortgage. He has not been issued a foreclosure notice. From what he told me, the bank is willing to do a short sale and he would like me to talk with them. What can I expect when I talk with a bank directly? Is it smart to use the word wholesaler or investor? I have worked with sellers on lease options before, but this would be my first wholesale. I have no contracts signed with the seller, I am just gathering all of the information. I realize I have no numbers, so I am not sure this is a good deal for a cash buyer, but would love some advice on what to expect when talking directly with a bank.

Thank you!