Need Help With Contracts

I’m going after preforeclosures.

Let’s say I meet with a seller and strike up a deal… what contracts do I use to put the house under contract? What contract would you use to put the house under contract under a sub2 deal?

Where is a good place to find these contracts?


Depends upon what your exit strategy is. What are you planning on doing with the property once you have it? Why not take control of it with a Pure Option? Simplest thing you can do, and probably the safest, too.

P&S contract paragraph 1

  1. PURCHASE PRICE: The full purchase price shall be $_________________ payable subject to mortgage or deed of trust to _________________ with interest rate of %, payable $____ per month, having an approximate balance of $_____________