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Updated over 10 years ago on . Most recent reply

Rocky V.'s profile image
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Rocky V.
  • Flipper/Rehabber
  • from Arlington, TX
  • Member since Nov 30, 2012
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Rocky V.'s profile image
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Rocky V.
  • Flipper/Rehabber
  • from Arlington, TX
  • Member since Nov 30, 2012
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Rocky V.
  • Flipper/Rehabber
  • Arlington, TX
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Real Estate Deal Analysis & Advice

"Sub2", Mortgagor filing bankruptcy

Rocky V.
  • Flipper/Rehabber
  • Arlington, TX
Posted

The mortgagor of one of my "sub2" deals asked me if I would be effected if he/she files bankruptcy.  Currently home is deeded to a land trust.  I own several "sub2" homes and this has never come up.  Has anyone experienced this?

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Matt Devincenzo
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  • from Clairemont, California
  • Member since Nov 25, 2011
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Matt Devincenzo
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  • from Clairemont, California
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Matt Devincenzo
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  • Clairemont, CA
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Matt Devincenzo
  • Investor
  • Clairemont, CA
Replied

Here's a past Sub2 thread dealing with this specific question. It seems like you may be ok based on the posts there.

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