Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Creative Real Estate Financing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 1 year ago on . Most recent reply

User Stats

1
Posts
0
Votes
Alex Byder
0
Votes |
1
Posts

Subject to paperwork

Alex Byder
Posted

Where can I find/ download subject to agreements ? I understood that there are about 7 different documents? 

What title company in Texas can process this transaction? 

Thank you 

Most Popular Reply

User Stats

887
Posts
758
Votes
Jerel Ehlert
  • Attorney
  • Austin, TX
758
Votes |
887
Posts
Jerel Ehlert
  • Attorney
  • Austin, TX
Replied

For getting a property under contract, it does not take a lot of creativity IN TEXAS to use the TREC 1-4 on sub-2 transactions.

When it comes to closing, you will always be better off closing at a title company. Sometimes not always possible if you are trying to beat foreclosure.  But, with the number of notices and disclosures needed you should pay well for an attorney to draft your docs.  Even then, understand that the deal terms may/will affect what you do.  Assuming that your one tool is good for all sub-2 transactions will eventually come back to bite.

Insurance will always be a sticking point on sub-2 deals, especially if there's a covered loss, because the seller has to remain on the insurance policy. Even with a statutory durable PoA, it can be difficult to get a payout.

  • Jerel Ehlert
  • Loading replies...