Owner Financing - Subject two's

[Indya E. Allen]

Hello all,

I am 19 years old researching subject 2's as a way to buy my first property. I have already found a property but it is off-market. I did a little digging and the owner is being sued by the HOA and is headed towards foreclosure if not eviction. Because homeowners cannot be evicted right now, the case has been paused but remains open. For those of you who have done an owner-financed subject 2, is there anything I should know ahead of time? Everything I am researching says that I can take over the payments without a down payment, is this true? I am based out of Illinois by the way.