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Updated over 8 years ago on . Most recent reply

User Stats

79
Posts
3
Votes
Quinterrius Eatmon
  • Mobile , Al
3
Votes |
79
Posts

Wholesaling properties with a mortgage

Quinterrius Eatmon
  • Mobile , Al
Posted

I have a question, is it possible to wholesale a property that has a mortgage balance on it? If so, how do I go about doing it without getting in trouble? As in doing it without acting as a realtor?

If anyone can answer these questions that would be great seeing as though I have 3 potential properties I can put under contract at the moment.

Most Popular Reply

User Stats

125
Posts
74
Votes
Jalen Carethers
  • Greensboro, NC
74
Votes |
125
Posts
Jalen Carethers
  • Greensboro, NC
Replied

A mortgage means there is a Lien on the house you can wholesale it just make sure the owner knows how much they owe left on the house and if you sell if for under that they will have to eat the difference

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