what to do with short sale leads
I’m looking for the best strategy to take on leads where a seller will be needing to conduct a short sale. Is it possible to wholesale these leads ? What is the best course of action with your experience ? Thank you
Most Popular Reply
Welcome to BP!!! So ideally when wholesaling you would like to get to the owners prior to the short sale so you won't have to deal with the banks. When dealing with the banks, they most likely won't take an assignable agreement, so you will need to locate a buyer and by good faith hopefully they will pay you a commission since you will have no equitable right to the property. You can also close on the property and rehab/sell if you feel like this is a good enough deal. I hope this helps and Best of Luck!!!