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Updated over 6 years ago on . Most recent reply

User Stats

4
Posts
5
Votes
Kevin C.
  • Real Estate Broker
  • Seattle, WA
5
Votes |
4
Posts

Wholesale Process Question (Arrears)

Kevin C.
  • Real Estate Broker
  • Seattle, WA
Posted

I'm trying to find out the answer to an arrears question but I can't seem to use the search function within the sub-categories. So, If a property is worth 500k, has 30k in arrears and I put that under an assignment contract. 

How does the process pan out after that? What would crunching the numbers look like, with a fee of 10k for assigning that towards someone else? 

I believe what confuses me the most is how arrears come into the situation of messing up a good price for the buyer.

Thanks,

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