Fundamentally a wholesaler is looking for properties that have a lot of equity, and for some reason the seller are selling the property below market value. These could be homes that are in foreclosures, tax sales, bank sales, builders, tired landlords, estate sales and inherited properties with out of area owners and so on.
In this market it is advised to wait to try and sell your home. However, there are some situations where you have to sell your home immediately. If selling your house seek professional advice in order to get the most bang for your buck.
Short Sales and Foreclosures are inter-related. Under “Basics of a Short Sale” we see that a Short Sale is a mechanism by which a lender may avoid a mortgaged property going into foreclosure auction by accepting a calculated cost in the form of a discount in order to avoid a far greater unknown loss that could be incurred if the foreclosure were to end up in am auction of the mortgaged property.
