Re: “subject to” - Posted by Mitchell
Posted by Mitchell on March 04, 2002 at 08:32:20:
You understand the process completely. Of course you should take into account the sellers attitude toward a potential negative situation. However your question is moot because the real issue has to do with the kind of seller that will enterain a Subject To transaction.
Why would any seller enter into this type of transaction unless they had no other choise? And, if they have no other choise except to sell in this manner, why should their questions or objections be taken seriously? Just say, “this is the way that I do real estate investing” and leave it at that. If you can convey that you are willing to walk away from the transaction, that is the most powerful position that you can be in. Remember, you are helping the seller out of a situation that he is in. You are taking on a situation that he could not resolve. The price is to do it on your terms, period. If the seller has a better deal, let him take it. All this can be conveyed nicely.