A wholesaler explains why foreclosed sellers panic between closing and getting their money. They can't afford the mortgage, have no savings, and need cash for rent and living expenses within days. Addressing this gap is what closes deals.
And here's the thing. One of the things that was really important to the seller that nobody else knew about the seller when he sold the home, he's in foreclosure, right? So you got to think about the situation, people's life, right? He's in foreclosure because he can't pay the bills on the house. Well, that also means that he just doesn't really have money in general. So he was worried about, yes, he's going to get a bunch of money from selling this house, but there's going to be a day or two, a few days where there's a lagging period of, you know, he signs and he closes on the house today. But he's not going to get the money until, you know, a few days from now. And what is he going to do in the meantime? Where is he going to go? He doesn't have any money. He was really worried about that.
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