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Buying & Selling Real Estate

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Josh Nabors
  • Rochester, Minnestota
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Land Contract on a future short sale

Josh Nabors
  • Rochester, Minnestota
Posted Aug 23 2015, 10:41

I have a question concerning a land contract/ subject to deal.

I will be proceeding with one of these deals, however, I have a question. She is "selling" the house to me for 75k but currently owes 98k. Essentially, I am land contracting a short sale. Whenever I buy the property in the next 2 years,  will I own it free and clear even if she owes the difference still?

What sort of things should I be on the look out for? 

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