Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Wholesaling
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 9 years ago on . Most recent reply

User Stats

15
Posts
1
Votes
Tammy Theiss
  • Hilliard, FL
1
Votes |
15
Posts

new wholesale assign

Tammy Theiss
  • Hilliard, FL
Posted

If I get a preforeclosure and for some reason do not find a investor to pick it up how to I come out of it?

Most Popular Reply

User Stats

2,011
Posts
1,614
Votes
Richard C.
  • Bedford, NH
1,614
Votes |
2,011
Posts
Richard C.
  • Bedford, NH
Replied
Originally posted by @Tammy Theiss:

If I get a preforeclosure and for some reason do not find a investor to pick it up how to I come out of it?

 Please think about what you just asked.

A pre-foreclosure.  These people are about to lose their home.  By tying it up in a contract, you prevent them from continuing to market it, and selling it to an actual buyer before a foreclosure wreck their financial world.

Doing that with no intention of closing yourself if you cannot find a buyer is absolutely crappy behavior.  This is exactly the sort of thing that makes so many people hate wholesalers.

Loading replies...