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Updated over 9 years ago on . Most recent reply

User Stats

73
Posts
16
Votes
Stephanie Garcia
  • Sacramento, CA
16
Votes |
73
Posts

Subject to

Stephanie Garcia
  • Sacramento, CA
Posted

Hello,

I am working on a subject to deal and they seller is behind on his payments. Should I call the bank to discuss getting the payments caught up or just finish all the paper work and pay the back due? I need a little more info on subject to please.

Thank you, Stephanie Garcia

Most Popular Reply

User Stats

807
Posts
274
Votes
Marvin McTaw
  • Rental Property Investor
  • Atlanta, GA
274
Votes |
807
Posts
Marvin McTaw
  • Rental Property Investor
  • Atlanta, GA
Replied

@Brian Gibbons - you are completely correct about the market and purchase price of the house. My general rule is "know how you're going to get out of a deal before you get into it...and have a backup plan...and a backup plan to the backup plan just in case". 

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