Is This A Good Sub2 Script?

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After the seller says they will give it to you for what they owe and asks how would you do it, how do you correctly explain the sub2 to them?

good interest rate, good area, it needs no repairs, no down sides to it.


Seller owes 87% of fmv. said she just wanted to be rid of it.

thinking of telling them something along the lines of:
We take over payments on your existing financing... Now the loan will stay in your name, and we are buying the property..... we just continue to make the payments and you can go on your merry way...


is there a better way to word it?

Thanks in advance for any help offered,

Verb

Comments(4)

  • Stockpro9923rd February, 2004

    Here is a quick thought on this:

    "You only get one chance to make a first impression"

    I would really suggest becoming a little better informed by buying one of the SubTo courses here on the site which will give you a meaningful script and answer many if not all the questions you might come up against.

    There are other flowery ways to say what your trying to say.

    i.e. " We will give you "X cash" for your equity now. This deal requires that the trust deed stay alive in your name for "X months" etc.

    Really I suggest educating yourself just a little more as that will increase your confidence and save you $$ in the long run. I am sure you could get Locke's book in a day or two if you had him send it over night. I am not sure about the others here as I have not bought their course.



    _________________
    Winners are not afraid of losing. But losers are. Failure is a part of the process of success.
    People who avoid failure also avoid success.
    Kiyosaki

    [ Edited by Stockpro99 on Date 02/23/2004 ]

  • verbatim23rd February, 2004

    i have the abcs of sub2 book but not cds.

    the book doesnt go over the scripts to use with sellers very well imho.

    thanks for the post also

  • chriseaker23rd February, 2004

    You want a script? Buy John Locke's course. You'll get a good script.

  • verbatim23rd February, 2004

    thanks chris for the words. i have read that john has a good script.

    i will buy the book, but have a call to make to a seller asap.

    might you be able to help me out and suggest some words that will help me get the deal?

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