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Updated about 8 years ago,
How to handle Subject To's
What are some of the typical things to overcome when acquiring a property Subject To the existing mortgage? I know a big one is the sellers concern that the mortgage will stay in their name which basically "puts them on the hook" for future issues if the mortgage is not paid.
Aside from that, what are some other concerns customers have given and how did you overcome those concerns? With so many pre foreclosures in my area, I would like to get more involved in Subject To's if the deal makes sense.
I am also open to new strategies as well being I have only been investing 4 months now and have lots more to learn and more people to help grow along the way!