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Updated over 1 year ago on . Most recent reply

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Ryan Valenciano
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  • from Gilbert, Az
  • Member since Feb 10, 2018
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Ryan Valenciano
  • Investor
  • from Gilbert, Az
  • Member since Feb 10, 2018
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Ryan Valenciano
  • Investor
  • Gilbert, Az
11
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Creative Real Estate Financing

SubTo with a deceased borrower

Ryan Valenciano
  • Investor
  • Gilbert, Az
Posted

Hello everyone, i am looking for some advise on a deal i am currently working on. 

the original borrower has passed away, and the Son is now selling the property as it has already been through the probate process. To sons surprise his father was behind on payments and now going through pre-foreclosure. 

is it possible to take over the existing financing with the father being deceased? 

Phoenix, Arizona
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Chris Seveney
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Chris Seveney
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ModeratorReplied

@Ryan Valenciano

Good chcsnce in this instance bank will call the loan even if it is reinstated and you transfer the deed as it’s clearly on their radar

  • Chris Seveney
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