Pace Morby
Region: US
Wednesday 24 May 2023 01:12:55 GMT
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stoneharbour888 :
Due on sale clause. If bank finds out, they call the note.
2024-02-29 19:46:22
15
Max Garza663 :
Bank wont allow it.
2023-05-24 23:00:48
50
SeanH75 :
Bank calls in the loan as soon as they know.
2023-05-24 03:26:59
69
Thefisherteamsgf :
Just closed my first Sub 2 2 weeks ago! It is amazing!
2023-05-24 12:10:58
50
clintoncarroll.realt :
You can do it but if the bank finds out the change in ownership they could call the note.
2023-05-24 03:15:18
130
Kathryn Niazi :
I think this strategy is called preying on the innocent. You pay their past due but they still have to go bankrupt
2023-05-25 00:10:20
14
100percentrealist :
Seller is already behind on bills and then goes file bankruptcy and list the house. It gets real muddy then.
2023-05-25 05:53:51
35
Meek3500 :
No lien in title? How do you change ownership with a lien? What bank loans money with property as collateral without a lien?
2023-05-25 17:31:23
51
Wayne Turner :
Seller is still on the hook for the mortgage. Can’t transfer a mortgage without qualifying.
2023-05-24 02:31:06
30
Chris Bounds :
This is how I bought several of my first deals.
2023-05-24 12:23:44
50
Bcrba1234 :
Ye except when you change owners on the deed the bank can call in the loan to be paid back
2023-05-24 01:34:42
42
GWB :
Hey guy, I have a property RIGHT now that could use some help on. In Naples Florida.
2023-05-24 03:21:38
35
bgrub :
“seller” deeds property but still owns the loan? If the “buyer” doesn’t make the payment the seller still on the hook but does not own the property?
2023-05-24 03:47:52
69
user6717345328149 :
Sounds like another way to be a mezzanine lender - in commercial RE this is typically done by a debt fund or any sophisticated investor
2023-05-24 03:29:06
45
Houston810 :
This feels like stealing a house for a couple months worth of mortgage payments. What does the other get???
2023-06-07 07:59:22
3
SteveSGlassco :
its loan sharking
2023-06-07 00:48:07
47
CdubSolo :
What happens if the seller goes into bankruptcy?
2023-05-24 02:47:50
3
Carl Richardson :
What happens in a year when the owner now needs or wants the property out of their name?
2023-05-24 04:53:29
1
Blazin J :
Most Fannie/Freddie loans are going to have assumption clauses
2023-05-24 03:56:54
14
The_Traveling_Lender :
The funniest part to me is all the people saying "Subject 2." It's subject TO. As in, the the purchase is subject "to" the existing mortgage 😂
2023-06-07 07:12:38
28
Pete :
Game changer!
2023-05-24 01:26:30
8
Movie Scenes That Move You :
why would they not just cash in the equity with a straight loan to catch up and then sell the house ?
2023-08-08 17:06:11
2
Vandad :
Who’s responsible for the mortgage or how does it get satisfied
2023-06-06 15:07:35
3
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