Best Way to Find Subject To Financed Properties
What's the best way to find subject to properties?
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- Real Estate Coach
- Get yourself trained before doing something inadvisable.
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I have plenty of ways that I find "Subject To's" that work. I won't discuss that here, but @Don Konipol is right. It's a transaction you have to understand and you make the offer to the seller. One of the big drawbacks, is that the seller will want to be released from the loan eventually, so they can buy another house. They will eventually contact the lender and tell them they have sold the property, which effectively puts you in a dangerous position with the Due on Sale clause of the mortgage.
There is a "guru" out there who doesn't mention this and when it's brought up misrepresents the solution. People are being sued because of it. I can provide the case numbers when necessary. Anyway, it's legal to do Subject To when it's done legally. Just be very careful and get trained properly.