OfflineWhen signing a contract with a "Subject to" clause where the investor would essentially hold title to the property, but the mortgage would stay in the original owner's name, how is the original owner protected from me or anyone else if the payments go into default? Remember, the deed would now be recorded in my name.
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Is commonly called a wrap-around purchase/loan. If you dearch the forums you will find some very informative information on this subject. The search bar is on the upper left corner of the page.
Please read this
http://www.deangraziosi.com/node/3596
Anita
"Just Do It!"