Subject-To/Due-On-Sale

[Lawson Ott]

ok, so i did a BP forum search of these two subjects (combined and separately. i've read over 20 pages of results (countless pages of actual text). i've learned some new stuff. but, the one thing i can't seem to find is "what to tell sellers about the potential of triggering the DOS by doing a ST"... anyone have a script that doesn't look shady? i want to give full disclosure to them.

if it matters, here's the deal:

small duplex, out of town owner, he owes 20k, they are asking 18k but are willing to accept far less (but the wife isn't supposed to know he said that, lol) it's in his name only anyway.

unfortunately, the only recent sales in that neighborhood are <$10k for same sq footage/bed/baths. and i'm sure if i offered them 8k, they'd take it, but that would leave them having to come up with 12k to pay off the loan.

i'd be happy to pay 20k over 5-6 years... i mean have tenants pay off the loan in 5-6 years, then free and clear pure cash flow. this would allow owner to get out from under this upside down deal without paying another cent.