It's ok to talk to me like I'm 5.

[Xavior Wilson]

I'm a newbie to the wholesaling world but I'm trying to understand the seller's remaining home equity in this transaction.

When you're on a call and seller asks "what happens with the money I put into my home?" What's your answer? My thoughts...they keep the remaining equity and the purchase price pays off the remaining balance of the loan. But I feel like this would be ok if you were NOT selling a home in pre-foreclosure.  Am I right? Or does the equity disappear and the true gift is getting rid of a problem property?

It's ok to talk to me like I'm 5. Ha!