In today’s episode, learn the art and skill that’s mostly been lost among real estate professionals in taking debt subject to the existing mortgage. The ability to take over an existing debt may be difficult to most buyers, but this is definitely possible should you follow all the recommended steps and techniques.

 

WHAT YOU’LL LEARN FROM THIS EPISODE

• What does a subject to the existing mortgage mean?
• Assume vs. Subject to the existing mortgage
• History on why this existed and how is it possible
• What is the amortization schedule and how does it work?
• Is there a need to foreclose property when changing ownership?
• What is a land trust?
• What usually happens when the title wave of delinquencies continues?
• How to get a win-win situation?
• How to start the initial negotiation in this situation?
• How many properties can you get into? 

 

RESOURCES FROM THIS EPISODE

Click here for the free quick start course "Get Deals By Tuesday" Masterclass.

 

CONNECT WITH US

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