Subject To And The Current Owner's Credit Risk?
Hello everyone,
When an investor buys a house subject to and assumes the current mortgage, doesn't that mortgage remain on the seller's credit, making it hard for them to buy a new home?
thanks,
Peter
geispc27
some lenders will give a 100% credit to
them if they can show documented evidence that the investor is consistantly making the payments. Mabey not ALL lenders but they can whack a lender and find one that does.
Some will give 75% credit for a lease option if they show payment proof.
100% for a subject to buy.