A friend of mine filed bankruptcy in 2009, surrendering his interest in his home and thereby eliminating his personal liability on his mortgage note. After five years, the lender still has not foreclosed and my fr...
I have a guy who is willing to let me take over 2 properties 'subject to' the existing financing. They are rented out and he is just tired of dealing with tenants. The problem is that he owes more than market value o...
Is it a good idea to do a subject 2 with a property that under water but can cash flow pretty solid after all expenses?
i know very little about subject to". but i am wondering if this is worth pursuing. fyi i dont have much money. so how much money do i need ?
so i have a guy who really wants to get rid of his house because i...
Hello BP,After nearly a year of educating myself and reading through these forums constantly, I took some action and began marketing direct to sellers via direct mail. I now have a lead that has come in, a lady who is...
Can i do a subject too deal and live in the property and keep if its underwater or is it better to rent? problem is i fell in love with the house and would like to live in it but its underwater 15K and in pre-forc...
What is needed to successfully negotiate and close on a residential short-sale property subject-to the exsisting loan? Does the bank require you to have a certain income level etc in order to take over the person's mo...
Hello everybody!I have few questions about buying a house "subject to": the owner of the house is kind of under water so by buying subject to, I'll let the owner off the hook from the mortgage by paying it.However, I ...
I am getting lots of calls lately but many are under water or very close. I have been referring many to a short sale agent in the area. What other options are there for someone in this situation? Subject to I suppose ...
I am a beginner in the REI field. I have so, many questions that I know it is impossible to answer with one subject. Literally, I really just created an account for this site 9-10 days ago. I have read some forums, bu...