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Can I wholesale a lender owned forelcosure

Posted on: Wed, 08/18/2010 - 19:52
Can I wholesale a lender owned forelcosure

I found what I think is a good deal but I am not sure if I can put a lender owned foreclosure under an assignment contract. Has anyone done this or know about it. Thank you

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Posted on: Wed, 08/18/2010 - 20:17 #1
yes it can be done

type this into the search box.The topic will explain how.

How to Wholesale REOs Using a Land Trust

Eric


Posted on: Wed, 08/18/2010 - 20:26 #2
i will try that thank you.

i will try that thank you.


Posted on: Wed, 08/18/2010 - 20:30 #3
Lender Owned Foreclosure

You`d probably have to do a double closing.


Posted on: Thu, 08/19/2010 - 01:03 #4
There's a second link too

with documents needed. Type in 'How to Protect you Assets'. Its not as thorough as the first link though.


Posted on: Sat, 08/21/2010 - 01:54 #5
Can I wholesale a lender owned forelcosure

Most banks these days will not allow you to assign a contract. You may want to look at using Hard Money lenders. I am trying to purchase a Foreclosure and I cannot assign the deal per the bank Sad. Good Luck and let me know how it works out for you.

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