Subject to on a fix and flip
Hey BP community,
I'm looking at a property in a trust where the trustee has passed away. The property is in pre-foreclosure and I'm hoping to work out a creative financing strategy in order to bring less cash to closing. There are no beneficiaries to the trust so I'm wondering about the best way to approach presenting a subject to deal. It sounds like the bank is operating as the successor trustee. Has anyone successfully executed a subject to deal with similar circumstances and if so how did you structure it so the bank was on board? I'm also open to any other creative financing suggestions for this type of deal. Appreciate the insights!