Calendar Member Registration  Non Member Registration 
Open to the Public!
Event ID: 256590 Event Status: On Schedule
Event Description

Buying “Subject To” - The Good, the Bad and the Ugly

 

Buying a property “Subject To” the existing mortgage is a great way to obtain investment property with financing in place.

 

It is a useful tool that avoids all the hassles of sourcing financing and allows for a quick closing

 

It is a godsend for home owners in financial distress that would otherwise lose their home to foreclosure and destroy their credit

 

It is also one of the more dangerous financing methods for Real Estate Investors if not done properly.

 

There are many different ideas on how to structure a “Subject To” transaction, A number of these ideas (including those taught by so called “gurus”) could potentially lead to the investor being sued by the homeowner or even worse, charged with fraud.

 

 “Subject To” Investing will be the main topic for ACRE of Pittsburgh’s July Monthly Meeting and will take an in depth look at this investment method including:

 

·         Why transferring the title without paying off the loan is not breaking the law.

 

·         Why  attempting to hide the transaction from the bank is breaking the law

 

·         Potential perils that exist if title transfer is not recorded

 

·         Why a title transfer does not automatically result in a loan being called due

 

·         Reasons that a loan might be called due

 

·         Why nothing the investor does can void the Banks right to call the loan due

 

·         What an investor should be prepared to do prior to entering into a “Subject To” transaction

 

·         Why anyone thinking of executing a "Subject To" transaction should seek the advice and counsel of an Attorney experienced in these types of transactions

 

Hope to see you there.

 

Prior to the Main event we will have

Genius Mastermind Networking with Board Members starting at 5:30 in the Hotel Bar

Networking with Vendors,

Networking with other Members,

General Q and A with board members starting at 6:30

Properties For Sale

Landlord Update

Legal Update

Accounting Update

 

And as always, First time Guests and children under 18 can attend the meeting for free

Register in advance at www.acrepgh.org


 

Event Details
Event: Buying “Subject To” - The Good, the Bad and the Ugly Members: Free
Where: Green Tree DoubleTree Hilton Hotel Non Members: Free
Address: 500 Mansfield Avenue Meeting Place: At Event Location
Location Website: Link Meeting Address: Same as Event Location
Meet Loc Website: n/a Meeting Time: 5:30 PM
Location Phone: 412-922-8400 Parking Cost:
Start Date-Time: 07/02/2019 - 5:30 PM Reg. Deadline: 07/02/2019
* End Date-Time: 07/02/2019 - 9:30 PM PrePay Required: No

Event Leader:
Edward Benz
Contact Leader
     

Location (More Detail)
Event Location: Green Tree DoubleTree Hilton Hotel
Address: 500 Mansfield Avenue
 


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