Updated about 11 years ago on . Most recent reply
wholesaling conundrum
How does wholesaling work with a distressed seller who is upside down in their mortgage? E.g. I find a seller who is four months behind on their mortgage, they still owe 100k on the mortgage. I pull comps in the area, and they are around 80k. If the maximum offer allowable is around 50k, if I offer that number even if the seller jumps at that, and I try to assign at 65k doesn't the bank have the final say in this situation.?