All Forum Posts by: LIpeng Wu

Another question, how to exit Sub2, ie, selling the house. The information I got is that to buy and hold is best way for sub2. If you do seller financing, the end buyer might have chance to do refinancing, then you will be in the middle of trouble. And if you do another sub2 to sell, the chance is much less because you have no name on mortgage, otherwise you will be in trouble of fraud if you don't reveal it to end buyer.

Could some one confirm these information or provide more about how to sell the sub2 house?

IN addition, once the note is called, how to deal with it? Is there any other selections beyond foreclosure or payment of whole mortagage at one time? Can I negotiate with them for continuous payment?

I am a newbie in this area and going to buy a house through sub2. I am not clear about 2 questions, please help me.

1. can I get sub2 through realtor, or I have to direct contact the sellerr? Is that realistic to get sub2 through realtor?

2. If there is equity in property, should I pay to seller for that equity? How much should I pay? 

Thanks.