subject to financing: Subject to the Existing Financing
- 12/20/07 06:22 AM
Have you ever negotiated a subject to? This is a way a lot of investors take over properties with no money down. They speak with a seller and without encumbering the property with a new loan, they take the payments over. Usually this is done in conjunction with bringing the loan that is on the property current (as the seller motivation in the first place is to walk away or deal with you the investor because the seller is in foreclosure). Next is speaking to the junior lien holders about discounting any secondary financing and paying that off, and then keeping the first loan on … (3 comments)
Connie is an investor and a Realtor, both in commercial property and residential home sales.
Here, she comments on her ongoing issues with the market, with sales, and with people that she meets in business.
Have you ever negotiated a subject to? This is a way a lot of investors take over properties with no money down. They speak with a seller and without encumbering the property with a new loan, they take the payments over. Usually this is done in conjunction with bringing the loan that is on the property current (as the seller motivation in the first place is to walk away or deal with you the investor because the seller is in foreclosure). Next is speaking to the junior lien holders about discounting any secondary financing and paying that off, and then keeping the first loan on … (3 comments)
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