HOW TO STRUCTURE A FORECLOSURE DEAL

[seate5]

There are many foreclosure deals, are these short sales or can they be wholesaled and assigned? If the homeowner owes  on their morgage how can this deal be structured before the bank takes over?

[reiauctions]

Whether a foreclosure is a short sale candidate or not depends on the amount owed vs. the value of the home.  If you are working a short sale, you usually can't assign you would do a double close and it would be considered wholesale.

There are many ways to structure a deal depending on what you exit strategy is.