Subject-to creative finance
Hello BP mentors, is there anyone who can guide me on Subject-to sale?
Background: we acquired a property Dec 2021 using the subject-to strategy. We created a contract for deed when we first acquired the property but now we are trying to sell since the person who owns it wants it out of their name. I think we missed steps while using this transaction because the title company said they can’t do anything because we never transferred the deed into our name. Any help would be greatly appreciated. Thank you in advance.
Luis
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- Scottsdale Austin Tuktoyaktuk
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Quote from @Luis Caracosa:I clean these up all of the time because a "guru" out there, very popular by the way, is giving bad advice. If you fell prey to that "community" I'd ask for my money back.
Hello BP mentors, is there anyone who can guide me on Subject-to sale?
Background: we acquired a property Dec 2021 using the subject-to strategy. We created a contract for deed when we first acquired the property but now we are trying to sell since the person who owns it wants it out of their name. I think we missed steps while using this transaction because the title company said they can’t do anything because we never transferred the deed into our name. Any help would be greatly appreciated. Thank you in advance.
Luis
You've got a technical problem that involves several things. It can be fixed, but we're not cheap.