Updated almost 2 years ago on . Most recent reply
How To Save Subto That's In Trouble - What Went Wrong With Your Subto, Let's Solve it
There are a thousand things that can go wrong with buying a property using Subto, (taking over the loan and making the payments.) There are always solutions, but they are not always obvious solutions.
One of the most common problems is in renting out the property and then having the renter stop making payments. What do you do? The payment on the loan you took over still has to be made. Do you contact the Seller and have them make the payment? Do you borrow money from a gator lender to make the payment?