OfflineI need advise,really new at all this. I want to wholesale properties and I purchased a website to direct investor buyers to. However, the wording on the website assures buyers all properties are for sale by owners. My question is, are pre-foreclosures still controlled soley by their ownwers? Would the buyer have to involve themselves with the seller's mortgage co. or bank?
I really will appreciate help w/this!
rconline
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Hello rconline,
It all depends, on the agreed purchases price because with Pre-foreclosures you have either quick sales or most likely short sales.
With a quick sale you can deal with just the seller, But with short sales you will need bank approval of the price. If you are having problems dealing with the banks/Mortgage company you can email me your questions or call me.
My email: Gpricejr@**** or 401-743-7417