All Forum Posts by: Jaylin Moses

@Chris Seveney

@Jacob Sherman

Yes, it would be subject to the existing mortgage. The property would have title insurance as the property would be transferred to my LLC through a trust with the current property owner as a beneficiary this way my investor, the property owner, and I are protected from the due on sale clause under the garn Saint Germain depository institutions act of 1982. Yes, you are correct that the investor would be in second place however, if I were to default now my investor just received a fully renovated property to do with as they please.

Any private money lenders looking to invest in a company that will be acquiring homes subject to in the NJ and NYC area? I have a great foundation that I am working on to create something that could help many homeowners in distress and build something massive. Feel free to reach out if this sounds like something that could interest you.

So if I were to have said property owner place my business as a trustee of the trust I've had him place the home in this doesn't give me legal rights to the home? 

Ex. If i were to buy a house subject to and the home owner decides not to pay his taxes or assaults someone how much time would I have to recoup my investment before the property is taken through lis pendens or a suit and how can I protect myself from this?