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Updated over 17 years ago on . Most recent reply
"Subject To" / Lease Option question
Seems like I'm full of questions. The education continues.
I have read about a strategy of purchasing a property "Subject To", and then selling the property via a lease option.
But what happens if the lender calls in the loan? The tenant has a contract to purchase the property in a year or two, but the buyer may have to sell the property if he can't refinance it.
If the "Subject To" buyer can't re-finance, what happens to the lease option deal?
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