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Updated almost 14 years ago on . Most recent reply

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4
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0
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Michael Deng
  • Homeowner
  • Walnut Creek, CA
0
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4
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How to unload a short sale deal in wholesale fashion?

Michael Deng
  • Homeowner
  • Walnut Creek, CA
Posted

I have a dilemma about a short sale deal I had. I made an offer for a short-sale house that is an attractive deal (The offer is about 35% below the current fair market value of the house) and the offer is being accepted. Originally I intended to have the house for myself but I don't need it anymore. I can just walk away but that would be a waste for the time and energy I spent. Can this kind of deal be unloaded in a wholesale? How should I draft the contract and all other papers without incurring extra commission and other costs? Any helpful hints would be greatly appreciated.

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