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Updated over 9 years ago, 03/26/2015

User Stats

105
Posts
9
Votes
Pedro Oliva
  • Investor
  • Chicago, Il
9
Votes |
105
Posts

Disability benefits and a mortgage?

Pedro Oliva
  • Investor
  • Chicago, Il
Posted

I have a lead that I'm working on, to possibly get on a sub2 since there is very little equity to do a wholesale flip. The seller has multiple properties that he is trying to liquidate in order to qualify for his benefits I believe, so this particular property has to go. He is willing to sell for what is led ton the mortgage balance, but his main concern is leaving the mortgage in place under his name due to the fact that he believes this will still affect his benefits. He don't mind giving deed over and me just taking over payments. Any thoughts or insight on this matter? This would only be my second re deal.