Updated over 8 years ago on . Most recent reply
Subject to real estate transaction... Creative financing No money
Hello BP... I live in New York and I am looking at a deal for a single family home. I talked to the seller about holding the note and he is ok with it. Matter a fact he missed understand what I was explaining to him about subject to and he understood as he would need to continue to pay the mortgage for an additional 6 months until I behave the property and sell it. Upon the sale, then at that point, I would satisfy his note which he was ok with. I am looking for advice on how to structure this deal or possible talk to an attorney to help with the trascation. Thank you guys in advance.