SS ? Does This Happen A Lot?
Let's say you have agreed with the bank to buy a property for 50,000. You are trying to sell it to a rehabber for 70000. Does it happen where the rehabber goes to the bank and offers them 60,000 and you lose out.
Just curious how often that happens.
Anybody can go to the bank and offer to buy the note. when you buy the note, you you become the bank. You step into the bank's shoes udner the exact same playing field and rules. Banks usually will not sell individual loans except when they are in default.
But to work a SS, you must have the cooperation with the home owners.
Brenda