Updated over 1 year ago on . Most recent reply
Sub To Contracts? Anyone Have Any?
Hello everyone, I am trying to set up a sub-to deal on a listing I have. However, I do not have a contract or template to create an agreement. Does anyone have a blank contract they are willing to share with me? Or does anyone have pace's template? Please let me know. Thanks!
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Jay Hinrichs
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I have not read the book but I have done many sub 2's over the decades and for us it was just a standard purchase contract and when it says additional terms we just described that we were taking title subject to the existing debt or which debt would remain on title. However as stated there is a lot more to sub 2 than just a purchase contract you have to understand all the risks and especially the risks to the people your buying the property from.. they are the ones in my mind that really need legal representation before entering into one of these transactions and deeding away a property where the their mortgage is not retired and it stays in their name and of record.
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