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All Forum Posts by: Wendy Patton

Wendy Patton has started 201 posts and replied 702 times.

Post: Sandwich lease options

Wendy Patton
Posted
  • Specialist
  • Clarkston, MI
  • Posts 797
  • Votes 334

When you are doing a sandwich lease option as an investor YOU should always make sure the mortgage payment is made directly to the lender. I make my payment out to the lender and not the seller. I got burned 1 time on this years ago and now this is the way I do them.

Even if you have the seller pay the lender directly you will want to make sure they are paying it on time. Make sure you always get a mortgage authorization filled out so you an always track it with the lender. Then make sure your contract has a provision to start paying it directly if they do not pay it on time.

Post: Phil Grove and MAPS

Wendy Patton
Posted
  • Specialist
  • Clarkston, MI
  • Posts 797
  • Votes 334

Does anyone have a link to it? I assume it is a Keller Williams sponsored program...but odd they would like the subject to part of it. Let me know.