Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Innovative Strategies
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 7 years ago on . Most recent reply

User Stats

230
Posts
122
Votes
Wendy Black
  • Investor
  • Phoenix, AZ
122
Votes |
230
Posts

Question on Subject to:

Wendy Black
  • Investor
  • Phoenix, AZ
Posted

How can you truthfully answer potential sellers who ask whether it's legal to take over their payments while they're still legally the owner(s)?  How do you justify it yourselves when it's clearly stated in loan contracts that this is a transfer of ownership?  Should the bank demand accelerated payment, is it true that you can re-sell it to someone else or turn it back over to the owner so there won't be a problem?  

I'd like to see I'm not uncomfortable with this, but I am...

  • Wendy Black
  • Loading replies...