Podcast 70 Q and (hopefully) A

[Rose M.]

I listened to podcast 70 today. I've been reading this forum for weeks now.

What happens on a sub2 ( subject to ), say, 5 years down the road, the seller is over it, their issue that prompted them to sub2 has cleared up, and they want to buy another house, but cant, due to the loan on the property that you bought? What happens? Are they SOL?

This question stems from what Grant Kemp was saying about buying homes sub2, and selling on a wrap, with the down as your profit on the front end. Clearly this is a long term arrangement.