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Updated over 7 years ago,
The Best Way To Pay Home Sellers Mortgage On SUBJECT 2 DEAL
Good morning,
We are working on a Subject 2 deal and wanted to get your guys opinion on the matter.
What have you guys found the best way to consistently (systematize) the payment of the mortgage holders mortgage statement.
1) We had the seller write a letter to the banking institution telling them that we will be managing the property in his absence and to send all information to our business address.
2) We tried to get access to his online banking but his personal banking information and mortgage information are connected so he did not want to give us access there.
Let me know what your guy's experience in this area is and what systems you have put together to make this less of a headache.
Thanks,
Dan Sisto