Wholesaling Foreclosures

I was wondering if it is possible to assign a contract for a house that is in the forclosure process. I know it is done for pre-foreclosures. confused

Comments(3)

  • mattfish1129th March, 2005

    You have to check with the foreclosing bank. In my experience, none of their contracts allow for assignment of these properties.
    [addsig]

  • ryand2nd April, 2005

    I agree with paul. I have done the same but it was not a SS and my buyers just paid the "payoff amount"

  • ray_higdon2nd April, 2005

    I take it this will be your first time talking to a potential seller. Approach with confidence, build rapport before you go into your pitch, see if they are selling and if the price makes sense, buy it.
    [addsig]

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