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All Forum Posts by: Michael Acuna

Michael Acuna has started 2 posts and replied 2 times.

Foreclosures

Post: Sub 2, Short Sale, and Arrears

Michael AcunaPosted
  • Posts 2
  • Votes 0

Hi Community,

I had a question about a property that is a short sale but is in arrears. I'm interested in pitching a sub 2 to the seller and have been hearing that I wouldnt need to pay off the arrears if I was going to sub 2 this deal. How does that work? cause I thought when a property is in arrears, they need to be caught up before making any kind of deal.

0 Votes
Starting Out

Post: Question - "Subject to" from verbal to contract

Michael AcunaPosted
  • Posts 2
  • Votes 0

Hi community! I'm new to this kind of real estate deals and wanted to know what I would need to lock down a verbal commitment, on say a subject to deal, to contract. Would i just need a simple P&S with the correct language?

Thank you for any and all help, advice, opinions ahead of time!

0 Votes