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Updated over 3 years ago on . Most recent reply

Alicia Yarbrough's profile image
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Alicia Yarbrough
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Alicia Yarbrough's profile image
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Alicia Yarbrough
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Wholesaling

owner only holds the mortgage not the deed

Alicia Yarbrough
Posted

I recently talked to a owner of several properties however the one he wants to sell (which is a double) he only holds the mortgage to. He deeded the home to a tenant a while back and hasn't seen her since meanwhile he let an old employee of his occupy both sides and he hasn't received rent since 2019. He does have a lawyer involved and trying to foreclose. Can I even wholesale this home from him or do I need to find this missing tenant? 

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Wayne Brooks's profile image
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Wayne Brooks
  • #1 Foreclosures Contributor
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  • Member since Jul 27, 2012
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Wayne Brooks's profile image
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Wayne Brooks
  • #1 Foreclosures Contributor
  • Real Estate Professional
  • from West Palm Beach, Florida
  • Member since Jul 27, 2012
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
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He can’t sell something he doesn’t own. 

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