Subject-to Purchase with a FHA Loan in place?

[Thomas Buckley]

Hello all,

Is it possible to execute a Subject-to deal with a seller that has a FHA mortgage? If so, are the risks the same or higher? Also, the seller has applied for short-sale approval but it has yet to be approved and is a very long process. So to save time and prevent it from going into foreclosure I would like to take the property via a sub-2 agreement. Would the lender be suspicious if they receive a short sale application, then all of a sudden receive a payment to bring the loan back into good standing?

Thanks in advance for your responses!

-Thomas