Newbie SS Question!!!!!!

Please fogive me in the event I’ve missed this in a previous discussion

As I understand it, when you do a SS you take over the sellers payments. My question is what type of financial info would the bank need to see from the investor (if any) to be sure that their not putting themselves back in the same situation with a person who may not be able to afford the property (figureing that the bank dosent know the investors exit strategy).
I’ve heard that an investor need not have good credit to pick up a SS because the prop. can be put in to a trust. Does that mean that the trustee has to qualify? If not then who does?
How does the bank know the investor acutally HAS the money? ???

Your description of a SS is not quite correct. With a SS you are going to offer the bank less than what is owed on the loans, and then buy it your self or find another buyer. You may want to do a search of the site and get one of the many courses on SS and others strategies. Go back and read a lot of the other messages there are some really great discussions here about SS and the many problems that come up during one. Best education you can get is by doing them and reading the post here.