Land Trust or Suject-To
Does anyone know of a way you can take a property into a Land Trust and at close the mortgagee can still recieve money at close. Do you have to take it Subject-To and record a Proformance Mortgage, for easy close.
Here is the deal
the house is only 6months old, he put over 50k down
worth 116K
owes 69K
wants 25K
Is there any way to place this deal in a land trust and set it up in a way the owner can get his 25K.
Thanks
Sire
why not have him refinance for 94k take it sub to
[addsig]