Updated almost 5 years ago on . Most recent reply
Subject To - Florida
Looking at a property in Florida that is a subject to deal. 5.75% interest, $54K outstanding but the owner is requesting $22K in cash & I would take over payment. Owner purchased a little over a year ago for about $70K.
I've never done a wholesale / subject to deal in FL. What are the risks of this from the buyers' point of view? Any issues w/ insurance / bankruptcy risks, etc?