Selling A Subject To?
when the buyer of your subject to property is able to get financing to buy the property, does the title company ever have an issue with closing a subject to deal (since you are not the person on the mortage)? does the power of attorney form prevent any problems at closing or is something else needed? thank you for your help.
I have had an issue with a power of attorney that was over a year old- the bank insisted I obtain an updated copy. Fortunately it did not prove to be a problem to get a new one!
Chris
do you need a POA and a Authorization to Release?
i dont know about dallas but here in NY i would do the deal without the Warranty Deed.
Never get a Quitclaim. Always get a Warranty Deed. A Grant Deed is just for California. Like John said, you are heading for disaster unless you do some research.
[addsig]
its seems that in todays market the ones that need to lease option a home are not looking at the final price as much as what do i have to pay today. There have been a couple people not even ask the purchase price. When they call they want to know "How much down, how much per month, and when can I move in?"