PEOPLE! I have been hearing things and reading many articles on how the subject-to concept will soon be deemed illegal. Taking over payments subject- to existing mortgages is now considered mortgage fraud, which is a felony in most states. I'm currently scanning a few more articles to keep up on the subject. Seeing that this was an avenue I was hoping to take to further my real estate investing business, I was hoping you all could share your insight on the subject. What have you all heard, and if you haven't heard anything of the matter, I strongly urge you to take a look.
Dean- what do you think? Am I getting the story straight here? And if so, does the same pertain to Lease-to-own options?
Thanks for any and all feedback!