Shortsale Wholesale or Walkaway?

[Geni P.]

I am currently waiting for approval on a Shortsale I was hoping to either rehab myself or rehab through a possible joint venture. However, I estimated the ARV too high according to the experienced rehabber I was hoping to partner with. Not that I would if I could but considering the new ARV not even a hard money lender is an option anymore.

Now I'm thinking, is there anything that can be done to monetize at least a little something this deal?

My first option is to walk away from the deal...

Second option is to try and market the deal to local landlords seeing as how they maybe able to pay a little more than a rehabber. Herein lies the dilemma, even if myself and the landlord were able to come to an agreement on price, there is a 90 day non-transfer clause and I already submitted all documents to the bank with my company as the purchaser. From what I understand in order to wholesale a Shortsale the purchase must be done by a trust and then the beneficiary changed to the landlord after closing. Are there any other options here?