Closing Sub-to Deal
Can anyone point me in the right direction to find an attorney to close sub-to deal? I am in North Carolina and noone wants to touch it. Any help will be greatly appreciated.
Can anyone point me in the right direction to find an attorney to close sub-to deal? I am in North Carolina and noone wants to touch it. Any help will be greatly appreciated.
This was my question also, how do you close it yourself and why not use a trust? I am in Missouri so it may be different for me but I was curious how the "closing" of a sub2 deal works. Is it official once you sign the Purchase Agreement & other forms, or do you have to Record the Deed, etc? What makes the deal "closed" or "official"?
I figured closing the deal into a Land Trust Agreement would close the deal & protect the property & interests in the property.
Just curious!
1. The North Carolina AG considers a trust used with sub2 to be fraud.
2. From the questions you are asking, you need more education before attempting a sub2. Yes, you record the Deed.
[addsig]
Obviously, this is why I am asking! Could you be a little more specific about the steps you would need to take to close the deal besides just telling me that the deed needs to be recorded?