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Old 08-16-2006, 10:41 PM
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Post non payment on sub 2 - Posted by vince
Posted by vince on August 16, 2006 at 22:41:20:

what happens if you cant make the payment on a sub2 deal
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Old 08-29-2006, 05:35 PM
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Post Re: non payment on sub 2 - Posted by dutch
Posted by dutch on August 29, 2006 at 17:35:47:

Then you are in the wrong business and should get out. If you take a property sub2, then you should make all the payments as promised. people who do this are unethical and are the reason more and more states are passing laws that limit or outlaw sub2 deals, which hurts both the sellers and investors.

Sell the property for the amount of the note and go get a job.

dutch
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Old 08-29-2006, 08:27 PM
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Post Re: non payment on sub 2 - Posted by vince
Posted by vince on August 29, 2006 at 20:27:11:

Just so you know im not in that situation and wouldnt consider a sub 2 unless i had all my bases coverd. I just saw that as being a potential out come of someones sub 2 deal at some point and wanted to know
 

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