Subject to? - Posted by DavePA

Posted by KT(PA) on February 14, 2002 at 16:08:51:

Tell them it is in your best interest to make the payments, you make your money when you sell. You can also use a third party servicing system if that would help calm their fears. Also, I tell them I will email them when I make the payment. As long as you look and act professionaly you shoulnt have a problem. Good luck to you.

Subject to? - Posted by DavePA

Posted by DavePA on February 14, 2002 at 08:29:05:

Can anyone tell me how you put the Seller’s mind at ease when you tell them that the mortgage will stay in their name? Most Seller’s don’t want the mortgage in their name, or say things like: “How do I know that you will make the payment for me?” They are putting “trust in us” that we will make the payment. How have some of you handled this? Any examples are appreciated!!! Thx in advance. dave

Re: Subject to? - Posted by Roxanne

Posted by Roxanne on February 15, 2002 at 11:50:27:

Let them see your credit report(if its good). Also, get a letter of reference from a bank or broker that you are in good standing with, or both if possible. I would use a third party co., such as an escrow agent to make the payments if that made them feel better.