Bryan Ellis on Real Estate Investing - 7 Dangerous Factors For Every Subject-To Purchase Agreement
In the world of creative real estate investing, few strategies are as powerful or desirable to a real estate investor as Subject-To transactions, in which the real estate investor acquires legal title to a property in exchange for taking over payments on the existing mortgage. Using this strategy, a real estate investor is literally unlimited in terms of the amount of property they can acquire without ever using their own credit. But while subject-to transactions are 100% legal in most of the United States, there are some legal pitfalls that face novice real estate investors. My own experience as a real estate investor suggest there are 7 key legal issues that must be addressed to keep your subject-to real estate investing activities on legally solid ground: Misrepresentation of Mortgage Terms & Other Liens. ...
email if entered not will be shown.
Tags forbidden.