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Updated over 18 years ago,
Subject 2
I am just starting out and will prove my ignorance with this post, but appreciate any help you may have to offer.
I think I understand most of the mechanics of a subject 2 sale. What I can't seem to figure out is why a seller would want such a deal. Doesn't the seller maintain the loan in their name, therefore limiting their access to gain another loan on a new home?
Thank you in advance.