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Updated over 6 years ago on . Most recent reply
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Wholesaling a REO property?
Hi BP, I have a property that I interested in wholesaling. It is currently listed on the MLS for sale. When I lookup the property it is owned by Pennymac, LLC. I've tried to contact the listing agent (calls, voice mails and emails) and no response. What's my next step? Am I to contact the bank Pennymac to put an offer on for the property? Also are banks negotiable on REO properties?
Any help is appreciated. Thanks BP!
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@Eldrick S. It's very, very surprising that he hasn't contacted you. Naturally, it's your call. However, you can have someone other than the listing agent submit an offer for you. It may not be what you're looking for. But at least you can get an offer in. Other than that, I'm wondering if the property is already under contract..................Good luck!