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Updated about 4 years ago,
Subject-to a property going through a divorce?
We just got a message from one of our D4D leads. It is a house who's owners are going through a nasty divorce. The bank just started foreclosure action in October. Ignoring whether I can convince BOTH parties to sell, the house doesn't have much equity in it. They bought it back in 2018. My plan, if the house is in decent shape, was to try to purchase it Subject-to. Has anybody dealt with sub-to deals with a divorcing couple? Any difference from a normal selling couple? How much of a headache am I getting myself into?
Thanks