Buying Sub2
A seller is signing a mortgage transfer and quitclaim deed over to me for a house with FMV $380000 but they owe about $325000. They could not afford the payments of $3000. I have a source to obtain that payment plus about $600 pocket money. Is there any other form I have to have signed? What other steps are necessary. Then what should I do with all documents and do I file them with the county? I am new to real estate investments and I need some help. [addsig]
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What are you transferring? The deed? You need to get more educated in the Sub2 process and take control using a Land Trust.
The $600 pocket money you spoke about, is that a one time thing or each month?
You can learn a lot about what you need to do by going to the Articles section of this site and reading many of the different posts
I am Transferring th deed and thank you for the information to to educate, everything helps to become successful! And the $600 is monthly