Pre-Approval for REO's

[Chris George]

I have been trying for the past year to figure out what kind of REI to get into and I have finally decided that since I don't have a lot of cash, I should wholesale properties. However, as I look at the properties and speak with the Real Estate Agent that is showing the house, they say that you should be pre-approved or pre-qualified so that when you put the offer in the bank knows that you are not just turning in a piece of paper that doesn't mean anyting if you can't get financing. Since I am going to start wholesaling obviously I am not going to be closing on the house and so I am at a loss as far as what to do. I have less than stellar credit and so getting pre-approved is getting harder and harder.

Any suggestions.

I know that short-sales are a way to go but if there is a way that I could work with REO's that would be great.