KANSAS CITY, Mo. — You could say the practice of wholesaling residential properties has been changed forever in Missouri.
Missouri Sentate Bill 973 recently became law: wholesalers must now give the seller a written notice, 14 days in advance of signing a residential contract.
The state of Missouri defines a wholesaler as a person or entity who purchases a contract for residential property and transfers that contract to another buyer. The wholesaler collects a fee and the other buyer takers the legal title…