Posted by JohnBoy on August 10, 2005 at 20:07:10:
Nope! Only a Judge that wakes up on the right side of the bed would be sufficient!
Don’t do it!
L/P back to Seller of Subject-to… - Posted by JeffB
Posted by JeffB on August 10, 2005 at 12:03:14:
I know that this has the potential to backfire in the form of a lawsuit claiming that the sale was really a loan. But I am also hearing that there are investors out there who are doing this while insulating themselves from this downside. How? Is a disclosure letter affirming a sale and not a loan sufficient?