Refinancing a sub2 deal? - Posted by Rick

Posted by Bald Republican on October 03, 2003 at 20:06:54:

Keep the authorization to release information form and power of attorney just in case they are needed.

It helps to keep in touch with the former owners in case their help is needed. Believe me they are more than happy to help because they want that loan off their credit report. How soon they forget the situation they were in before you got their chestnuts out of the fire.

Refinancing a sub2 deal? - Posted by Rick

Posted by Rick on October 03, 2003 at 12:05:10:

Hi,
I am new to the sub2 concept. My question is, if I buy a house subject to the exsisting mortgage, can I refinance it, at a later date, to either pay-off the old mortgage or pull some cash out?
Thanks for your help. Rick