Subject To Questions to Bank
Hey BP Fam
Currently under contract to purchase a single family via subject to
What Id like help on is, is there any specific questions I should be asking the bank once I have Authorization to Release form completed.
I know I should be asking some basic questions like:
"Are we in foreclosure yet?"
"Can we still catch up on the mortgage?"
But is there anything that I'm missing that I should ask or do in order to make this as smooth as possible
thanks in advance
Jonathan
Most Popular Reply
Order a payoff, order a reinstatement, check loan terms, check foreclosure status, etc. I recommend you get an attorney involved for yourself and seller if you are doing a subject-to so seller understands risks and so you have your paperwork and disclosures in order. These are some of the most sensitive transactions that one can get into.