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Updated over 2 years ago on . Most recent reply
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Subject-To purchase and loan servicing
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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Feel free to reach out to me - i have written a book on the topic and live in MI - i do Sub tos here all the time - and we don't use Deed of Trust in MI. Reach out i am here
- Wendy Patton
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Michigan Real Estate Investors
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