How do you wholesale a foreclosure?

[Brian Jobson]

What's up everybody!

So I've noticed that there are wholesalers who are wholesaling properties that are foreclosed. I assume that they have a relationship with the Realtor that's handling the property for the bank and get the info that way.

So if that is the case, can someone explain for me how the wholesaler gets their cut of the transaction? I figure if the bank knows that there is a wholesaler in the middle that they wouldn't allow the transaction.

(P.S- Still a freshman to investing so please excuse my not knowing) 

[Brian Jobson]

Thanks. I'll check out that other forum posting as well.