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Updated over 5 years ago on . Most recent reply

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Anthony Mcnair
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Need a help understanding

Anthony Mcnair
Posted

is there anyone that can explain subject to for me a little better I get the just of it but I’m still a little confused on it and need it to be explained just a little better to move forward with this exit strategy 

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Sean Burke
  • San Antonio, TX
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Sean Burke
  • San Antonio, TX
Replied

basically getting the owner of the property to contract the deed over to you as the mortgage note stays in their name. You set up an escrow to pay that mortgage every month. now you have a property you own that has a mortgage in another persons name. then you have different exit strategies that you can do.

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