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Updated over 2 years ago,
Subject 2 advice requested.
Hi.
I have an 8 unit apartment building I am considering making an offer to purchase with a subject 2/owner finance hybrid (Pace Morby stuff).
The property is currently jointly owned by the two children after their dad passed away. The mortgage is still in their dads name.
Is there any additional implications/risk of attempting to purchase this property Subject 2 vs purchasing from an owner with the mortgage in that owners name?
What kind of questions should I be asking?
Has anyone here actually successfully found the mysterious "Due On Sale Clause insurance" referenced by Pace Morby on his Bigger Pockets podcast appearance on BP show#527 on Nov 4, 2021?