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Real Estate Investing Rocks!!! - Not assumption, Subject To- JournalHome.com Real Estate Investing Rocks!!!
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    4/8/2008 - Not assumption, Subject To

    I was using the wrong term about the house with the VA loan.  It would be a subject to or possibly a contract for deed, not an assumption.  For an assumption, I'd have to qualify, like it's a new loan.  The homeowner seems unsure she wants to go this way, but we'll stay in touch.

     

    All the info. is at the bank for the B&B.  We'll know fairly soon (I hope) how it turns out.  I'd make 12k, which would be great.  I have another lady wanting to come up and see the other two.  Trusting God for the right outcome on these. 

     


    I'm still making offers.  Probably not as many as I should, but I do what I can.  Something will work out eventually.  Also working in the short sale, but as usual the bank is difficult, mostly getting to TALK to them!!


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