Posted by Bud Branstetter on February 26, 2001 at 22:15:21:
I’m so used to paying cash that I don’t normally do a rehab that has a regular mortgage on it. Took it over subject to with a Pactrust. It will need several months vacancy to do the repairs. I’ve done builders risk but wonder what the lender will say with a land trust as the insured and a builders risk besides.