Updated about 7 years ago on . Most recent reply
Subject two purchases
I have been thinking about doing subject two purchases. My question is can I offer to take over the existing mortgage and try to work out with the bank to bring the loan current if it is scheduled to be auctioned off by the bank in the next few weeks or months?
If so can I offer to work with the current homeowner rent the house to them so they don't fully lose their home?
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@Shawn G Hope, btw, it's "Subject to" existing mortgage. (Using 'Sub2' shorthand is just phonetic). Good luck...