Innovative Strategies

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Felipe Dossou
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Creative financing and sub2

Felipe Dossou
Posted Jan 17 2022, 17:24

I am trying to understand what would convince a seller to accept a sub2 agreement aside from being offered more money for property and favorable terms? If I understand correctly, a deed is transferred to buyer, but the mortgage note remains under seller’s name, which means if buyer defaults on making payments, the sellers credit history is effected.  Thus I am trying to understand the benefits for the seller aside from above. It definitely seems like a good strategy.  Please provide insig

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