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Updated over 1 year ago on . Most recent reply

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Shere Nemaria
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Seller Finance and Subto Contracts

Shere Nemaria
Posted

I am just starting out and trying to find out where I can access sample contracts for seller finance and subject to transactions. 

I recently purchased the Ultimate Package for Pace Morby's book Wealth Without Cash, but I don't see any sample contracts (unless I am missing it somewhere).

Appreciate any help!

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Don Konipol
#1 Innovative Strategies Contributor
  • Lender
  • The Woodlands, TX
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Don Konipol
#1 Innovative Strategies Contributor
  • Lender
  • The Woodlands, TX
Replied
Quote from @Account Closed:
Quote from @Shere Nemaria:

I am just starting out and trying to find out where I can access sample contracts for seller finance and subject to transactions. 

I recently purchased the Ultimate Package for Pace Morby's book Wealth Without Cash, but I don't see any sample contracts (unless I am missing it somewhere).

Appreciate any help!

Well, once you get what you're looking for

Here's a post I did on Subject To that may help

Using Subject To, to Get "Free" Properties

https://www.biggerpockets.com/forums/311/topics/1060320-using-subject-to-to-get-free-properties-a-quick-guideline


Here’s what’s going to be a BIG result problem of all this Pace Morby Subject To push, publicity and mentorship’s - a LOT of poorly informed, badly and partially educated naive “investors” with no experience doing subject to deals, defaulting on the mortgages, ruining seller’s credit and causing sellers who “defend’ their mortgage obligations to pay thousands in legal fees, default fees, default interest rates, etc.  Leading to the Pace Morby “students” being sued by their sellers, and restrictive laws being passed restricting the ability of experienced, knowledgeable investors to do subject to deals and hence cutting off one of the few avenues for underwater home owners to escape a potential foreclosure situation with their credit and honor intact.  
  • Don Konipol
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Private Mortgage Financing Partners, LLC
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