How hard is it buying a property subject to with only 3 days left until the auction?

[Mike Schorah]

How would you sell that over an 8 hour phone conversation with a bank?

I hear of people doing it and it’s supposed to be the #1 way of getting subject to’s with equity, but how?

Do you just personally pay the arrears?

If there’s $20k or $40k of equity in the property, for instance, could you get that out somehow to cover your costs of catching up the mortgage?