Subject-to deal PLEASE HELP

[Matt Tobler]

Has anyone done a Subject to existing loan fix and flip?? Scenario: seller wants 146k, 20k of that will be their equity for a down payment on a new house. I'll sell the property as is for 200k. Question is can the seller shop for a new house with the 20k for a down payment, while I list their house on the MLS? Will they be able to get pre-qualified to find and purchase a new house since they have a signed purchase agreement for their current house? And, where can we find a contract to use? (we can get the deal under contract this evening)