Wholesaling and the seller's bank

[Craig Shrimpton]

Nothing I've read about wholesaling ever addresses the objections a seller's bank would have to a deal like this.

First, in a short sale the seller can't receive anything so you will have to deal with the bank or an agent. They would probably not be amenable to an assignment contract.

Second, if the seller is in trouble but not yet in foreclosure, his bank is not about to let him off the hook for 50% of ARV if the mortgage isn't satisfied.

Everything I've read seems to imply the seller is actually free to make any deal they want, but this is almost never the case.

Is wholesaling for real? It sounds too good to be true.

Thanks.