All Forum Posts by: Kris Alpough

Just discovered this link to a PDF that contains what I was truly looking for. It might help out another overly cautious investor out there haha.

http://www.loveamericanhomes.com/appendixbasic_files/10_Subject_To_Financing_Addendum.pdf

Good deal. I no longer have any excuse to procrastinate haha. You'll be hearing from me (shortly, hopefully) when I get a deal! Thanks again!

@ Shanequa and Chris:
That's exactly what I was looking for! Thanks!

Chris do you have personal experience with Sub-2's? In response to Rob's post, how important would you say it is to even have such an addendum? My first impulse is to follow your recommendations in modifying the addendum and go from there, rather than paying an attorney to do the same. As Rob mentioned (jokingly albeit), if my seller is that motivated to agree to a sub 2 deal, then should I really be concerned with having an attorney drafted addendum?

@ Jivonna
Thanks! I'll check out that group ASAP.

@ Chris
Thanks for the great thread. If I come across anything I'll be sure to throw it your way. Btw, are you a TREIA member?

The new NC offer to purchase and contract agreement has an option in the "Purchas Price" for taking over a property subject to the existing loan. It also makes mention of a "Subject To addendum". Does anyone have a copy of this addendum?

Hello everyone,

Has anyone had luck wholesaling sub2 deals in North Carolina, more specifically Raleigh, Durham, and Chapel Hill? If so, which attorneys have you used to close?

Thanks for the link Steve. I should have been more specific in my request. What I'm really in need of is a good purchase contract with assignable "legalease" and some escape clauses. After looking at the wordy NC realtor board's contract, I'm afraid to use that for my distressed sellers...

Hi Mario and Michael. I as well was looking for a wholesale contract. Is there a chance either of you could shoot me those contracts? I Really appreciate it!
Kris