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Updated over 2 years ago,

User Stats

10
Posts
1
Votes
Henry D Griffith
  • Investor
  • Frankfort KY
1
Votes |
10
Posts

Subject-To purchase and loan servicing

Henry D Griffith
  • Investor
  • Frankfort KY
Posted

Greetings, I have a very unique opportunity to purchase a valuable property Subject-To the current financing in place.

I remember hearing on one of the early BiggerPockets podcasts that the guest had a way to have the “Loan Serviced” and this removed the loan from the original purchaser’s credit score.

I cannot seem to find any information on this, and would greatly appreciate anyone with any insight. This is a very unique situation, and any real estate attorney Ive spoken with has little knowledge on this type of creative finance option.

Michigan property if location matters.

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