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Updated about 6 years ago,

Account Closed
  • Specialist
  • San Antonio, TX
351
Votes |
865
Posts

Anyone familiar with MSE SUB I, LLC

Account Closed
  • Specialist
  • San Antonio, TX
Posted

I have a seller that wants me to buy thier house. The ONLY play due to no equity is me buying sub2, which the seller is fine with that. I have bought properties many times with this method so I’m not looking for an explanation etc PLEASE.

The thing that concerned me was the owner of the Note/ Deed OF Trust is a company that I didn't recognize called MSE SUB I, LLC. They purchased the Deed Of Trust/ bought the note. I have bought properties sub2 many times without the lender making a deal of it, but usually the lender was a larger bank Chase, Wells Fargo, Bank Of America etc.

I looked up lender info and it appears they are in 7-8 states so it doesn’t seem to be a mom and Pop outfit. Has anyone ever took over loan payments sub2 where this company was the lender or know anything about this company?