Buyer is behind on mortgage.Home is worth 254k.Mortgage is 186k.Very little equity there.No liens or other outstanding incumbrances.Would this call for a novation situation?What would you do?

You won't find anything worth while in this area that's listed you'll need to connect with wholesalers to find off market deals or do marketing to find them yourself.

I have 2 duplexes under contract to wholesale.

Investment Info:Single-family residence wholesale investment.

Whoever contacts you on BP, agent, wholesaler, direct seller, anyone asking to partner with you, etc, please do your due diligence.

However, that's the exception rather than the rule.If you know desperate sellers in the Dominican Republic, feel free to send them to me and feel free to take a wholesale commission.

Hello Sir, when I get a wholesale deal that meets your budget will it be ok to contact you?

Hello Fellow Wholesalers!

I would also shop with a local mortgage broker as currently United Wholesale Mortgage is running a 125 bps special on Government refinances through the end of September meaning if you did go FHA streamline then you should be getting a rate of around 5% (borrower paid)4) If you havent asked, at 700K+ loan tell your lender you want to go Borrower Paid and you expect them to only charge a 1% origination charge fee.

Also, how do you utilize auction.com or similar to wholesale if most properties say “cash only” and “100% due” when bid is won?