Creative Real Estate Financing
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 17 years ago,
Subject to Selling
I have read about the advantages of buying with a subject to clause. What are pitfalls of selling a property with a subject to? For example:
Buy a property for $30,000
Repairs of $20,000
Mortgage of $50,000 at 7% interest
ARV is now $75,000
Sell to new owner on a subject to: for $75,000 with say 9% interest.
If the new buyer defaults, just resell? How do keep the lender from activating the DOS clause?