These forums are great for many things related to Lonnie Deals, and once in a while real experts like John Hyre posts tax advice here, which is well worth paying attention to, but, to the best of my knowledge, very few true experts on lending even know this forum exists.

Sub2 means that you are buying a property Subject to the existing financing , you are taking over the seller's financing basically..although I don't know a ton about it.

of course they're not, thats why line 203 on the HUD1 exist.................I could be wrong about the line # but I'm pretty sure it's 203.YOU BETTER GET NEW INSURANCE ON THE HOME!!!!!!!

You can't stay non-existent to them.

But just keep in mind that unless the property goes through the tax foreclosure process then any and all liens against the property still are existant and in full force.You still can find good deals this way the same as finding any distressed homeowner who will accept a lot less for his property than it is worth but you will still have to deal with any legal lien claims which could kill the deal.And then you will find those that did not realize that they were the actual owners and you will be alerting them to pay the taxes so as to keep the property.

They're turning the federal government into the largest mutual fund in existence, funded with taxpayer dollars, underwritten by the federal reserve and given the legislative power to take over or shut down the competition.

However....The rub is that I've got to finance the dp with an existing HELOC on my home...a risky endeavor that I've asked about once on this forum already...so I'd be paying debt service on the dp as well.I'd love thoughts on this.

Go direct to Fannie Mae(use google).If they are not saturated in your market, and you have 5+ years experience they will give you a try.Good luck

Ethical agents for the most part (even in states where they are suppose to exist) do not exist.

I am based in Florida and have an existing LLC which owns two fully owned (no debt) houses.