Thanks in Advance–
I have a pre-foreclosure just in contract. Three weeks till foreclosre, seller bailing. I want to assign the contract to a rehabber, and just be the wholesaler.
I have a list of about a dozen rehabbers to contact. What do you do to protect your interest in this? What if a rehabber approaches the seller behind my back, and offers them more money than we have agreed on, and seller bails on our contract and goes direct to rehabber.
Of course there’s a “contract”, or small claims lawsuit could be the answer if in fact needed, but the seller is in foreclosure–no money, and not really worth pursuing if I lose it. Don’t want to lose it though. Plenty of equity for assignee, I am only making $6500 on it.
My first time out of the gate on this…so thanks. Title is clear, can I cloud title somehow in the interim? (California)