Posted by LK on May 19, 2007 at 23:18:51:
You are right. When I do define it, they think I’m describing something illegal or at the least unethical. Not just buying subject to, but with any creative structuring. I think the problem is most RE agents/brokers are too concerned with risking their professional obligation/liability to entertain anything that they don’t completely understand or that doesn’t fit their conventional mold.
I think they are so focused on what the house is worth plus their commission, that they can’t see anything beyond that.
I don’t mean to stereotype them all, because there are exceptions.