Can a short sale be wholesaled???

[Tiese C.]

I saw a listing on the MLS for a property that is accepting all short sale offers. My first question is...can a short sale be wholesaled? If so, do I have to tell the lender or bank that I plan to wholesale the property? I'm still trying to get my first deal under my belt to wholesale and I'm facing many challenges. Any help that you can give...would really make my day!!!

Thank you, :help:

[James Ward]

Contacting the Lender(s):
1) call into the customer service dept. and request the fax number to send the Authorization to Release Info. We also request the short sale requirements at that time. Some lender(s) will tell you then and some will wait until your Release has been entered. We also request a Payoff. Most lenders will tell you it takes 48hours to input your release.
2) call back in 24hours. Check to see if the Release was entered. If yes, then get the fax number to send in the short sale package. Also ask for the phone/fax numbers for the short sale dept./ loss mitigation.
3) send in short sale package. Call to make sure they received the FULL package. Most lenders will tell you to wait for several days for the package to be entered into the system. Once the package is entered into the system, check to see if they need anymore paperwork.
4) tell the lender that they MUST call you to set up the BPO/Appraisal. When they set it up, be there.
5) after the BPO has been entered into the system than most lenders will assign a negotiator. Keep up with this person, check back OFTEN. They will either take the amount you have offered or they will counter.
6) the FUN really begins. Work back and forth with the negotiator till you both agree on an amount that is fair.
7) once an amount is agreed upon, get the lender to fax a statement on the release.
8) close the property.

These are the basic steps to a short sale. IF any questions arise, just ask...