General Real Estate Investing
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 6 years ago,
Can I use a "Sub To" to Negotiate Short Sale?
I have a seller that has spoken to me at length about selling his home but, on the advice of his attorney, told me he will not communicate with Chase(the lienholder) and will not sign a 3rd party authorization to allow me to negotiate a short sale.
However, if I were to get him to agree to a "sub to", would this allow me to negotiate a short sale with Chase?
The seller said he is "pulling for me" but on the advice of his attorney he cannot communitae with Chase. The house has been abandoned and no payments have been made in for 3 years. He has not filed bankruptcy and the home is not in foreclosure. It went to auction in April of 2012 but did not sell and Chase did not claim it as an REO it reverted to the sellers name.
Any advice would be helpful!
Thanks,
Jeff