Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 8 years ago,
Seller financing (wrapping the morgage) a preforclosure
We are in the initial stages of looking at a deal where the house is in Pre-foreclosure. We are thinking this would be a good mortgage wrap because the owner has a little equity but not a ton. We would like to catch up the mortgage, then do like a seller finance for 5 years or so. The seller may want to stay in the house. My questions 1-what kind of issues am I not seeing, 2- Can you even evict someone from a house when they are on the mortgage but not on title?