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 over 9 years ago on . Most recent reply

User Stats

20
Posts
4
Votes
Bill Thomas
  • Real Estate Investor
  • Mamaroneck, NY
4
Votes |
20
Posts

Who pays the bank balance?

Bill Thomas
  • Real Estate Investor
  • Mamaroneck, NY
Posted

When wholesaling a house to an end buyer, is the end buyer responsible for paying any and all balances owed to the bank if the owner does not own the house free and clear?

If that's the case, how does that affect the offer price to the distressed owner of said property?

Thanks.

Loading replies...