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Jonathan Makovsky
Pro Member
  • Investor
  • Fairfield-New Haven-Hartford County, CT
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825
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Subject To: Flip Deal

Jonathan Makovsky
Pro Member
  • Investor
  • Fairfield-New Haven-Hartford County, CT
Posted Mar 27 2015, 09:26

What risks will we be contending with on a "Subject To" flip deal that we are acquiring? 

We understand the bank can call the Due on Sale Clause, in which case we expect to have 30 (90?) days to pay the note off, is that correct? The Sellers understands that their names will still be on the mortgage. 

What other risks/concerns should we and the Seller be aware of? 

Thanks in advance.

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