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Updated over 6 years ago on . Most recent reply

Shawn G Hope's profile image
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Shawn G Hope
  • from Fountain, Colorado
  • Member since Dec 10, 2017
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Shawn G Hope's profile image
Shawn G Hope's profile image
Shawn G Hope
  • from Fountain, Colorado
  • Member since Dec 10, 2017
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Shawn G Hope
  • Fountain, CO
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Creative Real Estate Financing

Subject two purchases

Shawn G Hope
  • Fountain, CO
Posted

I have been thinking about doing subject two purchases. My question is can I offer to take over the existing mortgage and try to work out with the bank to bring the loan current if it is scheduled to be auctioned off by the bank in the next few weeks or months?

If so can I offer to work with the current homeowner rent the house to them so they don't fully lose their home?

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Brent Coombs's profile image
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Brent Coombs
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  • from Cleveland, Ohio
  • Member since Jan 20, 2015
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Brent Coombs
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Brent Coombs
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  • Cleveland, OH
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Brent Coombs
  • Investor
  • Cleveland, OH
Replied

@Shawn G Hope, btw, it's "Subject to" existing mortgage. (Using 'Sub2' shorthand is just phonetic). Good luck...

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