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Real Estate Investing Forum Index / Wholesaling Forum / Assigning Subject-Tos

Author

Assigning Subject-Tos
axiomonellc

12 Posts  
Member Since: 03/20/2008
Tallahassee, FL
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What's My Favorites Network?		 Posted: 22:05 on 03-21-2008   
Well I was informed by a forum member that its not designed to do a double closing w/ a subject to...
so...

How about doing a contract assignment? Has any wholesaler assigned a contract subject-to the existing mortgage to an investor?
If so, please tell me how it went... thanks
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thelemur

95 Posts  
Member Since: 04/30/2005
Charlotte, NC
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What's My Favorites Network?		 Posted: 23:48 on 05-08-2008   
I haven't done it myself, but I know that it can be done. As far as I know it is no different from any other contract assignment. I would just want to be assured that the end buyer has the means to make the payments. Wraparound mortgages can also come into play here.
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