Orlando, FL · Member since 2011 · 176 posts · 23 votes
Hi all;
I'm not an REO investor and that type of investing falls outside of my skillset right now. What I am moving into is Subject To [existing fnancing] investing.
At what point am I no longer able to help the seller by taking over his financing?
Investor · Clairemont, CA · Member since 2011 · 3k+ posts · 2k+ votes
13y
Gary Clisele I'm not understanding the question here, what do you mean what point can you no longer help?
At what loan amount does it not work?
How many loans can you have sub2?
What point can the loan be called?
What is the max LTV that sub2 works?
Maybe a little more specific question would help, if you could clarify. I think the answer is you can do it as long as you've decided the numbers work (even if it was underwater the loan is already written, though not sure why you'd want it in that case) and understand the possibility of the note being called.
Hopefully with some more info you can get some better answers.
Orlando, FL · Member since 2011 · 176 posts · 23 votes
13y
Thanks Matt; to clarify, I wanted to know the point where the seller can no longer turn over the loan to me (the point of no return in the foreclosure process) I don't know when the seller's interest in the property is lost and/or the bank is no longer willing to accept further payments from him because things have moved too far along.