Approaching sellers with "subject to" financing?

[Dan Shoemaker]

I have a seller who is willing to give up a property for what she owes on it and split the cost of the repairs (approx $10k for foundation, paint, and carpet). I want to approach her with the option of subject to financing.

What is the best way to bring this up? What objections should I be prepared to address?

Thanks in advance for your suggestions!

[Monica Breckenridge]

The most frequent questions are

how do I know you will make the payment on the loan?

How can I trust you?

when will you pay off my mortgage?

can I get another loan if my loan isn't paid off?

What happens if something happens to you and you can no longer pay the mortgage?

You will have to overcome all these questions.