Wholesaling REO's

[Jason Cummins]

I have gotten a couple deals done wholesaling. They were people who called me from a bandit sign, no realtor involved.

I have noticed that some of you may be wholesaling REO's. Usually that means there is a realtor involved.

I guess I am interested in the basics of wholesaling REO's. I have found a couple that might be really good deals. How do I get these under contract? Do I just submit an offer? If so, who's contract do I use? I have one that I use for end users, but I doubt a realtor would want to use it. And are these assignable?

The reason why I ask is because I have purchased an REO for rehab, and the realtor was pretty strict on how things were handled. I really have no idea how I would have been able to wholesale the one I bought, if I wanted to.

Thanks in advance to any help!