All Forum Posts by: Wosey Yeaney

Thank you Rick,

Yes, I checked for equity.  The balance of the mortgage is around $100k and he is willing to sell at $120k.  Comps for that property are around 320k-350k.   The house is in great condition and at most will need around 40k-60k for updates.   I am meeting with seller tomorrow and I believe he does have his father's Will --- leaving said property to his sister and him.  I will look into getting administrator for the court order.  Furthermore, please explain the the end-buyer comment.  I do not have the funds to purchase the property myself.  

Lastly, thank for the comment regarding my profile.  I will update it.

Thank you once more

Wosey Yeaney

Hi everyone, 

I am new to wholesaling and really need help with this one.   I have a potential wholesale deal (my first one) with a seller that inherited a property after his father died a few years ago.   His sister nor him changed the title of the property, therefore, the title is still under his deceased father's name.    The seller currently lives at property, however, it went into foreclosure proceeding and an auction is scheduled for the end of November of this year.    

1. How do I go about getting the state( Illinois) to change the title prior to the auction date?

2. Can I have a contract with a seller that is not legally in possession of the property?

3. How can I delayed the auction if time is needed for title change?

Thank you,

Wosey Yeaney