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77
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7
Votes
Lisandro Garcia
  • Investor
  • Camden , NJ
7
Votes |
77
Posts

Help ! Subject to !!!

Lisandro Garcia
  • Investor
  • Camden , NJ
Posted Dec 16 2016, 07:13

looking at a property tommrow It's has a mortgage the person is highly motivated if the pay off is out of my range as far as a wholesale deal . I'm considering trying to put together a subject to deal who can help in New Jersey

Account Closed
  • New Jersey, NJ
136
Votes |
327
Posts
Account Closed
  • New Jersey, NJ
Replied Dec 16 2016, 07:56

Lisandro Garcia subject to has become rare now a days in our market are in NJ/NY, also curious to know

User Stats

77
Posts
7
Votes
Lisandro Garcia
  • Investor
  • Camden , NJ
7
Votes |
77
Posts
Lisandro Garcia
  • Investor
  • Camden , NJ
Replied Dec 16 2016, 08:13

@Account Closed why 

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1,399
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792
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Jessica Zolotorofe
  • Attorney
  • New Jersey
792
Votes |
1,399
Posts
Jessica Zolotorofe
  • Attorney
  • New Jersey
Replied Dec 16 2016, 08:21

First question would have to be, are you sure the mortgage is assignable and no due on sale clause?

Account Closed
  • New Jersey, NJ
136
Votes |
327
Posts
Account Closed
  • New Jersey, NJ
Replied Dec 16 2016, 08:43

Lisandro Garcia banks have many restrictions and every year they add more to prevent any subject to in our market.

I tried before but did not succeed but if I was say in Virginia or North Carolina or any market not in NY/NJ subject to are much easier.

User Stats

16
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4
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Ray Leon
  • Investor
  • Fayetteville, NC
4
Votes |
16
Posts
Ray Leon
  • Investor
  • Fayetteville, NC
Replied Dec 16 2016, 09:25

I have done plenty of Subject to's / Lease Options in Fayetteville NC over the years. I have 3 now I am trying to sell.  Questions?? Contact me.

User Stats

436
Posts
197
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Stephen Chatto
  • Rental Property Investor
  • Yardley, PA
197
Votes |
436
Posts
Stephen Chatto
  • Rental Property Investor
  • Yardley, PA
Replied Dec 17 2016, 17:38

I have done a few subject-to deals in NJ.    It works if structured properly.