How to talk to a seller with a house in pre-foreclosure?#wholesaling #paynelessflipping

Name: How to talk to a seller with a house in pre-foreclosure?#wholesaling #paynelessflipping
Uploaded: 2023-08-23T00:00:18+00:00
Duration: 37 s
Channel: Nathan Payne
Description: In this short dialogue, a wholesaler (Speaker A) confronts a distressed homeowner (Speaker B) about the imminent pre‑foreclosure of their property. The…

23 Aug 2023 · 1 min

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In this short dialogue, a wholesaler (Speaker A) confronts a distressed homeowner (Speaker B) about the imminent pre‑foreclosure of their property. The homeowner explains that the house is already in pre‑foreclosure, with a $3,000 tax lien due on November 30 and a $12,000 arrear on a solar loan, both of which they cannot pay. The wholesaler expresses concern about the bank taking the house and outlines their effort to contact top buyers in Utah to secure the best possible offer and help the seller avoid foreclosure. The conversation highlights the financial pressures facing the homeowner and the wholesaler’s strategy to find an out‑of‑state buyer to close the deal quickly.

What are you going to do? I think you told me you're just going to let the bank take it, which I don't want that to happen. But what are you going to do if you don't— you're not able to sell it for what you want?
Basically, the house will go into foreclosure. I mean, it's a pre-foreclosure right now because I haven't gotten any letter stating anything of that sort. Coming back from vacation, I went and got Phillip's mail and there's almost $3,000 in taxes due. So it's like even more money.
No, it's got a $3,000 tax lien on it, too. Due. So you'd have to catch up the, the grant, the solar, $12K behind, and $3,000 in taxes.
Well, yeah, he has to come up with, which we don't have. I'm rounding off, but it's a little under $3,000. But yeah, that, those are due November 30th.
We've been kind of reaching out to the, the top buyers in Utah trying to figure out what's the best offer I can get you and trying to help you get your house sold.