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Creative Real Estate Financing
HomeForumsCreative Real Estate FinancingSubject-To or Different Strategy?
Bob Couture's profile image
Bob Couture's profile image
Bob Couture
  • from West Springfield, Massachusetts
  • Member since Dec 28, 2013
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Bob Couture's profile image
Bob Couture's profile image
Bob Couture
  • from West Springfield, Massachusetts
  • Member since Dec 28, 2013
Connect
Bob Couture
  • West Springfield, MA
52
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188
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Creative Real Estate Financing

Subject-To or Different Strategy?

Bob Couture
  • West Springfield, MA
Posted Jul 24 2014, 07:14

What would you do with this? Subject-To? Different Strategy?

Situation: Death in the family and he must sell home to take care over family business and care for surviving parent. Just bought home in April 2014 for $170K, put $35K in renovations. Mortgage is for $166K and the renovation funds came from family. Monthly mortgage is $1421. I assess the FMV to be $208K.

Any suggestions?

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