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Updated over 6 years ago,
Subject To Deal Question? Atlanta,Georgia
Hey everyone I need a little help,
I typically fix and flip houses in Atlanta and the surrounding areas of Atlanta. I would like to start doing subject to deals by taking over sellers mortgage payments, then either assign the contract for a fee.
I'm going to be taking over a motivated seller mortgage payments soon, she owes about $150,000 ARV $375,000 her mortgage payments $1,200/mo, as of right now I have her on stand by I told her I'm going to evaluate this furthermore.
So question...
a) If I wanted to assign the contract to an investor is their some kinda way it can be done in a way that seller or buyer cant see the fee not sure if you can double close on a subject to
b) If I have a buyer who does not want to pay cash and wants to use traditional financing/bank loan, can this be done being that I'm on the deed in the land trust of my LLC ?
c) Do you have sample contracts where I can have an idea of disclosures etc ?
d) Has anyone done any of these deals personally? Do you have any subject to friendly attorneys referrals if not I'll just have to figure it out the just wanted some insight from real people
Thanks in advance :)