Posted by Lydia on March 11, 2006 at 19:18:29:
You’re right. It’s no skin off the investor’s nose if the deal falls apart down the road, since he is not personally liable on the loan. There really isn’t any way it can blow up in his face. I keep thinking that if I take a Sub 2, I am morally obligated to make the payments, no matter what, but if the seller doesn’t keep their end of the bargain, for whatever reason, it would let the buyer “off the hook”.