Owner Finance or Subject To?
Hi BP Family,
Quick question!
So I may have a potential deal in the Brooklyn, NY area. The property is in foreclosure, but the home owner is still interested in trying to salvage whats left of their credit & not lose the property. I spoke to them & we were thinking of doing either an Owner Finance type of deal or "Subject To". Either way, this deal would involve the potential investor wanting to buy & hold.
My question is, can this be done while the property is in foreclosure or only pre-foreclosure?