Updated almost 9 years ago on . Most recent reply
Subject To Purchase
Hello,
Here's my situation: I have a person interested in selling me their property "subject to". Their loan is $500,000, and they owe $277,000 in missed payments. The current market value of the home is $925,000....or $975,000 with upgrades. How do I make this deal work? And is it even a good deal to go after? They will be foreclosed on in 45 days from today.