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Updated over 10 years ago on . Most recent reply

Account Closed's profile image
Account Closed's profile image
Account Closed
  • Real Estate Investor
  • from Charleston, South Carolina
  • Member since Aug 19, 2011
Connect
Account Closed's profile image
Account Closed's profile image
Account Closed
  • Real Estate Investor
  • from Charleston, South Carolina
  • Member since Aug 19, 2011
Connect
Account Closed
  • Real Estate Investor
  • Charleston, SC
2
Votes |
12
Posts
Buying & Selling Real Estate

Subject To Deal Question

Account Closed
  • Real Estate Investor
  • Charleston, SC
Posted

I don't have any experience with this type of transaction.  I have a potential deal where the seller wants me to take over his mortgage.  He has two properties on the same mortgage.  My question is would you have a typical closing for a subject to deal?    I'm going to have him sign a release of information form so I can find out the payoff etc. from the lender.  Any other things I should be considering with this type of transaction?

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