Posted by Bill K. (AZ) on April 05, 2000 at 13:28:54:
Felix,
You can take a preforeclosure property “subject to”; however, you’ll have to bring the loan current. Assuming you can do that, it’s your option as to whether it would be best to lease/option it or sell it retail immediately.
Is it possible to take a pre-foreclosure house “subject to” and turn around and lease option it to a tenant buyer? Is this a safe route to take or would you guys recommend selling ASAP?
All of this of course “AFTER” setting up a Land Trust!