Posted by Nate(DC) on April 30, 2001 at 21:24:17:
Yes, one big problem. Since they bought on land contract, they do not have a deed, and thus cannot give you a deed. Maybe their seller would allow you to wrap the land contract, maybe not…you’d better check before you do this deal! And get it in writing!
NHT
Problem buying/selling this way ? - Posted by Paul
Posted by Paul on April 30, 2001 at 21:17:25:
I’m interested in a property that seller purchased on Land Contract. They are 4 mos behind and in pre-foreclosure status. I’d buy “Subject To”, paying arrearage and sell owner financing. Any problem with the mechanics here?
Thanks,
Paul