"Subject to" - Changing insurance policy to access loan records

[Richard Montoya]

Listened to BP episode 065 with Wendell De Guzman

In his strategy for "subject to", he mentions that in order to access loan information, without triggering the "loan due" clause, he has the current owner, add him (Mr. De Guzman) to the insurance policy. This new policy is then submitted to the bank for record, with a memo from the owner indicating that Mr. De Guzman is NOW a vested party of the property.

Question... Does this really work? Now that you've added yourself to the insurance policy, can you actually access someone else financial records (loan amount balance) without setting off alarms?

Thanks,

Richard M.

Keywords:

sub-2, sub2, sub 2, subject 2, sub-to, sub to, podcast, wendell, deguzman, de guzman, 065, creative,