If you’re interested in obtaining a property “subject to” then your target market is exactly opposite, you want mortgage debt in order to take over ownership “subject to” the existing debt ( just the opposite of trying to find properties the owner will finance; with these debt free is better).The typical seller, in the type of sellers market we are in now (multiple offers, cash buyers, auction style bidding) who will do a subject to deal is one that financed his property with a minimum down payment (like 0-5%), hasn’t put any improvements into the property, isn’t in an area of fast appreciation, and needs to sell.

@Kyle J.I ask this because I went to a sheriff foreclosure auction, and the defendant that was being foreclosed on gave himself a lifetime lease of approx $1 a month for the rest of his life before the foreclosure went into effect.

If there are foreclosure auctions in your area, attend them (therewere 110+ eager buyers at the last one that I attended)    Get a business card from as many as you can.

Recently I was the high bidder on a foreclosure at sheriff's auction in MN and I currently hold the sheriff's certificate for the property. 

I recently bought a duplex at an auction with existing tenants. 

The property is an extremely low price (9k) due to it being a tax lien auction purchase and is not eligible for title insurance.

Not even a bad lead called.I understand that I am supposed to spend 3 months and many mailing campaigns to see results, but it seems like that would be a huge gamble at this point considering there was nothing to show for the first round.Any thoughts on online marketing, auctions, etc? 

Originally posted by Account Closed so how do you plan to make the numbers work paying a premium to win an auction?

Sale/auction scheduled for April.

I won a auction for an house threw the DLB (Detroit Land Bank).