I have searched all over the internet for actual cases of foreclosure by a lender whose note was enclosed in an AITD. What happens in practice? Not theory, but actual cases?
I am wondering how long the process actually takes. If the buyer who takes "subject to" is an investor who will remodel and flip the house in a year, has the risk of foreclosure by the underlying lender been reduced?... more
The best thing to do with this question is ask two people. One, the real estate agent and ask for advice. Also, ask the surveyor if he has any experience dealing with vacant land and sales. Compare the two answers and then make a decision. http://yvallc.com/about/what-we-do/... more