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Updated almost 6 years ago on . Most recent reply

User Stats

13
Posts
3
Votes
Alfonso Andolz
  • New to Real Estate
  • Shelbyville, IN
3
Votes |
13
Posts

What are the details and processes of a "second to" deal?

Alfonso Andolz
  • New to Real Estate
  • Shelbyville, IN
Posted

I understand what a "second to" basically means, but who has to be part of it, what documents are needed, and what is the flow of the process?

Most Popular Reply

User Stats

13
Posts
3
Votes
Alfonso Andolz
  • New to Real Estate
  • Shelbyville, IN
3
Votes |
13
Posts
Alfonso Andolz
  • New to Real Estate
  • Shelbyville, IN
Replied

@Ned Carey Well, I feel like an idiot... My apologies. I did mean "subject to". This teaches me to not post anything as I'm dozing off. So like other seller finance options, it's all about the contract? If this is the case, in the simplest terms the seller and buyer would sign, meet at closing with the Title Company, and deals done? No one else is needed? No other steps? I am not including possible due diligence steps such as inspections and such.

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