Posted by Rich_Va on January 13, 2004 at 19:22:27:
Stewart, of the 15 sub 2 deals I’ve done, 2 were current on their payments. They just wanted out. One was a landlord who had a bad tenant, and the other was an out of town landlord who wanted out.
Good luck
Rich_Va
Sub2 question…What if their not behind? - Posted by Stewart(Chicago)
Posted by Stewart(Chicago) on January 13, 2004 at 16:56:48:
I was wondering, those of you that buy homes Sub2, are you making up back payments on most of these or are you having success finding homes that have current mortgages?
Seems like preforeclosures would go for Sub2 but would “regular” distressed sellers go for it, say… in my area they are about to close Fannie May and 11 Dominick Grocery stores, I’m sure these people are worried if the employee of one these places are the primary bread winner. Would they be interested in Sub2 even though their not behind YET?
Thanks for any response.
Stewart(Chicago)