Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 9 years ago,

Account Closed
  • Real Estate Investor
  • Shelton, WA
639
Votes |
369
Posts

Subject To (Sub2) - Issue with online access to seller's mortgage

Account Closed
  • Real Estate Investor
  • Shelton, WA
Posted

Im on my 7th Subject To deal and came across an issue. In my previous deals i required sellers to change the username and allow me to reset the security questions/password for their online account access for their mortgage lenders, ensuring only i had access to the account from closing on; however, those previous deals involved mortgages from lenders separate from the seller's primary financial institution.

I ran into a hiccup on a great deal im about to close on, and i'm guessing i'm just lucky i haven't had to deal with it yet. The seller's mortgage lender is also the seller's primary financial institution; therefore, allowing me access to the mortgage information allows me access to the sellers checking/saving etc. The seller obviously does not want to allow this, and I don't blame him one bit, as neither would I. Just changing the mailing address won't work, as it will screw up their mail, and cause unnecessary grief with their financial dealings.

Any Subject To experts have a work around for this?

Loading replies...