Need Help With Contracts

Foreclosures, Short Sales, Tax Foreclosures
1

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?

-BHG

2

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.

3

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 $_____________