example of Wholesaling with mortgage
as a wholesaler after assigning contract to end buyer with existing mortgage and they take over, would it be reccomeded if i tell the end buyer about creative financing to another potential buyer
After? Pitching the Subto scenario and related deal structure/terms would be an integral part of your marketing to find the end buyer. If you are asking a question like this you should really partner with an experienced wholesaler so that you can avoid lawsuits and problems for yourself, as well as for the seller, buyer, et al. You should also be putting in a buyer who is very financially stable and will be competent in taking over the payments. Many folks these days are opting not to work on Subto's as that strategy has become commoditized and marketed by big industry gurus which now in turn has led to the lenders taking notice and starting to call the notes due, since a subto scenario is a technical default, unless there was a formal assumption done. Please make sure you are working with a Subto expert (like from Pace's community) who is very experienced in working on these.
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Real Estate Agent
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