It is merely another way to approach sellers without appearing to be low balling them.If they should give you a bottom line "out the door" number, then I would write the contract and put in the "provisions" that the deal is contingent upon the payoff amount and the seller must net X amount in the end (the number they said) after all fee's etc. have been paid at closing."

I am waiting to look at the inspection report, then I will be able to get the ball rolling.

Besides its the same thing except different regulation size table and different balls and a different set of rules, otherwise same thing!

I've read everything I can get my hands on regarding this, and it's clear that Sub2 can be both completely legal and ethical.From the standpoint of the seller, as long as (1) they understand how the process works and (2) they understand the potential risks involved (such as the buyer dropping the ball with payments), it's a great deal for both parties.I say "can be" because I also know that many so-called "real estate investors" are indeed dropping the ball by trying to do Sub2 with virtually no money, no funds to fall back on if they need to handle the payments themselves.

If I don't have the balls to ask it I may never get it and you are right the bank may not be so much willing to finance this deal with even 20% down payment.

If their intent is to drop the ball on the contract to try to get a better price, it all depends on how strong your contract is.

Since the price has already been dropped from the orginal value to 72,5, its been on the market for sometime, but this does usually mean they will take a low ball offer.

Lots of cash out of the stock market after the dot-com crash, low interest rates, and plenty of easily available mortgages started the ball rolling.

In this attic there were 10 vacuum cleaners, 7 TVs, 8 mattresses, 8-10 microwaves, mountains of clothes, several bowling balls, pots and pans for 10 housholds, and several tons of other junk collected from at least 20 years of tenants.

Find a lawyer in your area and get in touch with them ASAP and start the ball rolling.You need to learn the landlord tenant laws in your area.