Pre-foreclosures & Subject To's
Have any of you had trouble with a bank calling the loan in a sub 2? Also, what have you found to be the best deed in theses circumstantces? I've heard people advise using a quitclaim deed and just have the sellers sign it on the spot. The few times I've mentioned that, they get nervouse and want to run. Any helpful advice is appreciated. Thanks. :coolgrin:
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http://www.legalwiz.com/articles/dueonsale-rightframe.htm
I use a warrent deed to trustee but a general warrent deed, grant, bargin, and sale deed should work to.
The link above handles your due on sale question.
And I wouldn't use a quit claim deed, just have them deed you the property.
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