Subleasing A Distressed Property

3 Replies

Hi, I'm a realtor in CT and am finding a lot of expired listings where the mortgage is much higher than the value so they are either in preforclosure with lis pendens or close to it. In order to skip the short sale process for these homeowners can't i just offer to lease it from them to cover their mortgage payment and then sublease it at market rent value? How would I structure this so it's a win-win for everyone and what is the risk involved? Thanks.

Originally posted by @Marie Grabo :

Hi, I'm a realtor in CT and am finding a lot of expired listings where the mortgage is much higher than the value so they are either in preforclosure with lis pendens or close to it. In order to skip the short sale process for these homeowners can't i just offer to lease it from them to cover their mortgage payment and then sublease it at market rent value? How would I structure this so it's a win-win for everyone and what is the risk involved? Thanks.

 @Marie Grabo: I would be happy to help. Would you be able to provide me some more information? What is the ultimate goal? For you to sell the property? For you to lease it to a client? What is your ultimate plan to make money on the deal? That would assist me in providing you some guidance. Thanks.