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Updated 11 months ago, 01/08/2024
Sub2 Hybrid Deal Question
I am looking to purchase a duplex subject 2, keeping the low interest rate, while seller financing the rest of the equity. I am a mortgage professional by trade and the one worry I have is changing over the taxes and insurance that are currently escrowed from the mortgage owner to the LLC that I have created to transfer the deed to.
Has anyone ever done this, if so, how did you go about transferring the taxes and insurance from the mortgage holder to you?
Thank you!