Whole sale a home with mortgage on it

[Randy Tomlin]

what do I need to know? 

[Bill Gulley]

Much more than that, read my blog, "Wholesaling" this would be a Subject-To transaction, that means the seller is financing and you cannot assign a purchase contract that includes financing by the seller unless the seller agrees to extend financing to that buyer. It's the difference between bilateral and unilateral contracts.

Now, if you were to spend just a few days (3, 4 maybe 5) learning real estate, you'll save a lot of time and blood dripping from my finger tips repeating these basic issues LOL :)

Take an option, get out of the way between the buyer and seller and obtain a release fee to release your encumbrance! If you're trying to make this a business, keep reading my future blogs. :) Good luck