Quote:
Originally Posted by berniewall
Do you think the 'subject-to' method would be open to foriegn nationals and how would I find out about it?
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Hi bernie,
from what I have experienced, the subject-to strategy only works in a pre-foreclosure situation where an existing home owner is being foreclosed upon and is about to lose their home. By taking over the mortgage and being also provided with the deed, you are effectively able to 'get finance' on a US property.
I'm not sure that it applies to your situation, but I have worked deals this year that meant I can buy cashflow positive property, without requiring a large cash deposit.
Are you able to get your cash back if finance falls thru ?
rgds,
RebelYell