Looking For Answers-Sub 2 Help

I have two questions concerning Sub 2:



1.) Am I able to get 2nd mortgages or loans against a property that I own Sub 2?



2.) When a house is finally paid off, and I own it Sub 2, what happens at that poin? Is there anything that I need to do?



Thak you for your help.

Comments(6)

  • donotusecash6th August, 2006

    I meant when I paid it off-

  • wrldplayground8th August, 2006

    Good answer Bantheman, I was about to ask the same question as Mr. Streets until I read your post.

  • JamesStreet8th August, 2006

    Thanks REIKid. I really thought the first being in someone else name would mess it up. If anyone has done one I would like to know how.

  • donotusecash8th August, 2006

    Me too- that is why I asked

  • JamesStreet9th August, 2006

    That is how I have always worked it. I learned Sub-to from John and I just thought if there was a way to get a little cash he would have said something.

  • donotusecash9th August, 2006

    That is what I had thought- thank you for your answers!

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