Posted by ken on November 02, 2005 at 18:56:45:
All it means is you are taking over the current financing. Sometimes that is all you need sometimes you need to add some cash sometimes the seller will take a second mortgage for the difference.It is no big deal or any big secret but the seller generally needs to be pretty motivated because he is still on the line for the current mortgage
Buying Homes “Subject to”?? - Posted by garrett
Posted by garrett on November 01, 2005 at 21:44:00:
Hi,
I have heard about buying properties “subject to” but am still confused by the whole idea.
Has anyone ever used this technique?
Does anyone have any insights/thoughts/comments/tips on using this technique to aquire properties??
I read the article
http://www.creonline.com/articles/art-183.html
however, it didnt really get into specifics
all ideas welcome and greatly appreciated!
thanks
Garrett