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Updated over 9 years ago on . Most recent reply

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398
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Jamal L.
  • Investor
  • Baltimore, MD
156
Votes |
398
Posts

The legality of Subject to's in baltimore

Jamal L.
  • Investor
  • Baltimore, MD
Posted
Does any know if subject to's are legal in Baltimore Maryland.

Most Popular Reply

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16,433
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Ned Carey
  • Investor
  • Baltimore, MD
12,718
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16,433
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Ned Carey
  • Investor
  • Baltimore, MD
ModeratorReplied

@Jamal L. Many want to do sub2 because they have no money to start. I suspect that is your situation. 

The problem is land lording takes cash reserves when problems come up (like vacancies or repairs). If you don't have money for those problems then you risk not being able to pay the mortgage. Then the previous owner get foreclosed on and you are on the cover of the Baltimore Sun for taking advantage of people.

  • Ned Carey
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