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Updated almost 8 years ago, 12/12/2016

User Stats

5
Posts
3
Votes
Daniel Bowden
  • Real Estate Investor
  • Plano, TX
3
Votes |
5
Posts

Subject to VA loan deal

Daniel Bowden
  • Real Estate Investor
  • Plano, TX
Posted

I am working on a deal where the owner is deceased and has a VA loan against the house. The property is about to go into foreclosure, and the executor is willing to allow me to reinstate the loan and make the payments.

What is the best way to take this deal down? Contract for deed, Land Trust, send the VA a letter notifying them of my intentions, etc. I have never done a subject to deal before, and need all the help and advice I can get.

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