Wholesaling

Divorce real estate leads are homeowners whose divorce case means the house has to be sold or bought out. Here is where the records are, who has to sign, and how to make an offer both spouses can use.

Expired listings are homes whose listing agreement ran out without a sale, leaving an owner who wanted to sell and has no agent under contract. Here is how wholesalers find them, read the old listing, stay compliant, and price an offer.

REO properties are homes a lender, servicer or government agency took back through foreclosure and now sells on the open market, usually through a listing agent and almost always as-is. For investors they can be good inventory, but for wholesalers the bank’s own addendum usually decides the deal.

The Michigan foreclosure timeline usually runs about 11 months or more from the first missed payment to the end of the owner’s rights for a typical home: a 120-day federal delinquency period, four weeks of newspaper notice, a sheriff’s sale, then a six-month redemption period in which the owner keeps possession and can buy the house back.

Buying a tenant occupied property means you inherit the lease, the tenant and the security deposit along with the deed, so the deal is priced on rent and possession, not just on after-repair value.

A deed in lieu of foreclosure is a deal in which a homeowner who has fallen behind on the mortgage signs the house over to the lender, and the lender in return cancels the loan, often waives some or all of the remaining balance, and skips the foreclosure. For investors it matters for a simpler reason: once a seller is headed toward a deed in lieu, the house is about to leave the market, and you need to know quickly whether your offer helps that seller more or less than the lender’s.

Short sale wholesaling means putting an underwater house under contract at a price the seller’s lender agrees to accept for less than the payoff, then passing the deal to a cash buyer for a spread. It can work, but only with full disclosure to the lender, because every major short sale program makes the buyer sign an arm’s-length affidavit, many approvals name one specific buyer, and Fannie Mae loans carry a resale restriction that blocks a same-day flip.

A contract for deed is a home sale where the seller finances the price and keeps legal title until the buyer pays in full, while the buyer moves in, makes installment payments and holds equitable title in the meantime.

The Ohio foreclosure timeline typically runs from about six months to two years, because every Ohio mortgage foreclosure is a lawsuit in the county court of common pleas. The owner can still redeem until the judge confirms the sheriff sale, so in Ohio the deal is not over when the gavel falls.

Code violation leads are property owners who have been cited by a city or county code enforcement office, and they are worth a wholesaler’s time because every open case comes with deadlines, inspections and, often, fines that keep growing until the owner fixes the house or sells it.