wakefield,I'm still waiting for my attorney to give me a final opinion on the full impact of the legislation, but the section that troubles me (and most lenders I've spoken to) is the section that requires the buyer to "comply with all terms and conditions of the seller's mortgage."

And I would be very leery of someone who guarantees the thing will sell... unless of course THEY will buy it if no one else wants to. I

Very interesting, Great way to drum up rehab money as well to I suppose if you had too...Thank you so much....By the way, do you ask the lending institution for the 2nd or is it on them to bring it in to close a deal?

I guess I do not have to, I just thought it was weird to have so many different companies.

From what I have read, the true calculation to stick to is MAO = 70% ARV - rehab, closing costs, holding costs, etc.

Not really...The whole idea with subject to is that you take over the payments on someone elses mortgage.

It looks like someone wanted to start repairs, but decided not to. I

Someone with bad credit might seem like a nice person, but in most cases they have ripped-off someone that they owed money to. I

This I can do myself if I wanted to. I

His book was more a how-to. I