Newbie Needs Help With Sub-2

Hi everybody,

Question, once I get a signed contract from the seller, we put the property in land trust, have the seller assign the beneficial interest of the trust over to me, after they vacate the property I give them whatever monies we agreed upon. Does any part of this transaction need an escrow company involved and at what point would we open an escrow?

I've never done a sub2, but I have an appointment with a seller tomorrow and they may be a prime canidate for a sub2. I need to know how to close the deal.

All of your replies will be greatly appreciated!

Thanks,
Cashmoney2

Comments(1)

  • loan_specialist9th October, 2004

    *BOARD HUSTLER*[ Edited by JohnLocke on Date 10/09/2004 ]

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