Posted by Mike Daly on March 08, 2002 at 08:56:33:
The agent is very likely to screw up the deal, so either wait until their listing expires, or see if the seller is willing to terminate the listing agreement.
With subject to, the mortgage payment is often more important than the loan amount. If it’s low enough that you get positive cash flow then you should be all right. If the market value’s near what he’s asking, definitely don’t give any cash upfront, except maybe as an advance monthly payment to make you appear more credible.