All Forum Posts by: Steven Cosby

Hello all. Anyone have a attorney they could recommend me to in Orange County ny who’s familiar with wholesale/assignment of contract 

Hello All. Anyone have an attorney that they could refer me to who’s investor friendly & that understands as well as structure wholesale/assignment of contract deals in Orange County NY area? If so, feel free send me info please. Thankyou 

@David M.

Just trying to get clarity here, isn’t taking over payments same thing as taking over existing loan etc.... or is 2 different things?

@Kenneth Garrett

“Subject to” is when u immediately take title of property. Land Contract etc... is when title stays in owners name until mortgage is paid off. I’m just trying to figure out the process n how it goes in New York.

@David M.

Yes something like that. From my understanding, FHA has nothing to do with taking over someone's payments etc..... "Subject to" & land contract is slightly different. I believe "subject to" is when u/investor takes title of property. Land contract is when u can take over payments but leave the mortgage in sellers name until the mortgage is paid off. Does that make sense? Hope so lol. Every state has its own laws. Just trying to figure out how it goes in NEW YORK

Good evening everyone. Hope all is well. In NEW YORK STATE, what is it called when u “Take Over Payments/Existing Mortgage”? Land Contract, installment agreement etc....? Also are mortgages assumable in New York? Anyone who’s familiar with this process feel free to share. Thanks you

Good evening everyone. Hope all is well. In the state of NEW YORK, what is it called when you “Take Over Payments/Existing Mortgage”? Land Contract, installment agreement etc???? Also are mortgages assumable in New York? Hope someone on here went thru the process n can help. Thanks

Good Afternoon everyone. Hope all is well. Is there anyone in here who's familiar with going thru the process of renting out property whether is thru FHA or even conventional way?

Also seeking mentorship & advice on how to understand New York State contract to present to sellers? Anyone?

Good Afternoon BP. Has anyone ever taken over payments or Mortgage from seller within the New York or Connecticut area? If so, would u mind to share your experience

What’s BP. Hope everyone is staying safe thru this tragic. However, I’m looking for tax lien/deed investors who works out of New York/ New York City area. Any?