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All Forum Posts by: Patty West

Patty West has started 1 posts and replied 2 times.

Post: calling a note due

Patty WestPosted
  • Real Estate Investor
  • Indiana
  • Posts 2
  • Votes 0

A person who works with a title company is who said "don't do it".

I feel the same as you do Richard and Jason. Why would any bank today be looking at calling a "paying" note due. But I'm just starting out on this and I need reassurance that this will not back fire on me.

Post: calling a note due

Patty WestPosted
  • Real Estate Investor
  • Indiana
  • Posts 2
  • Votes 0

Hello,

I've been hearing over the past few days that buying "subject to" now days is very risky. That banks now more than ever are really cracking down on this type of thing and calling loans due. I don't really see why a bank would do this. If payments are being made, why would the banks care who is making them.
This word of caution came to me from a title person. They say it is dangerous.
What exactly are the dangers?