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I did some research on these product lines. I consider myself a smart man, and even I find this crap confusing and cryptic at best

  • The ownership claim goes into a very large gray zone. If I own the mortgage, and the lender has a lien on the house, and some third party has the title, who owns the house at this point? The actual delineation of who owns what becomes very murky and confusing in a very short time. This is made worst as in my case, an idiot investor sold off the house before it was ever sold to him in the first place, causing a cascading effect of failures. This then begs the question, how can one sell an item that is legally not theirs to begin with?

  • The legal gray zone is very weird at best. Per a bank, doing a subject to is treated as severely as calling in a margin. Which then begs the question, isn't that what the buyer is doing? If said investor can't buy the house through traditional financing, would imply they should very clearly not be buying a house in the first place. I've also never heard of a contract where calling the lender who owns the mortgage voids your contract. Also if this was 100% legit, why does the contract even need a clause for the bank due on sale clause?

  • The contracts are very poorly written and tend to favor only the buyer, at the expense of the seller. Per the one contract I saw, only the buyer could back out of the deal at any time, for any reason with no prior notice, effective immediately, with an option to extend the contract indefinitely without paying you. The contract also had no termination clause for the seller, which comes off as highly illegal. Upon providing legal counsel and suance, the investor looks like they backed off

Beyond this though, these schemes are jewish as hell, it's essentially a fancy way of indebting the goy with a mortgage note whilst reaping the benefits of the house ownership to someone else. If the house goes up in value later in an upturn economy, you essentially lose out on crap tons of cash through equity skimming. And if the house turns south or insurance goes up, the buyer can back out at anytime and tell you to get bent.

I did some research on these product lines. I consider myself a smart man, and even I find this crap confusing and cryptic at best * The ownership claim goes into a very large gray zone. If I own the mortgage, and the lender has a lien on the house, and some third party has the title, who owns the house at this point? The actual delineation of who owns what becomes very murky and confusing in a very short time. This is made worst as in my case, an idiot investor sold off the house before it was ever sold to him in the first place, causing a cascading effect of failures. This then begs the question, how can one sell an item that is legally not theirs to begin with? * The legal gray zone is very weird at best. Per a bank, doing a subject to is treated as severely as calling in a margin. Which then begs the question, isn't that what the buyer is doing? If said investor can't buy the house through traditional financing, would imply they should very clearly not be buying a house in the first place. I've also never heard of a contract where calling the lender who owns the mortgage voids your contract. Also if this was 100% legit, why does the contract even need a clause for the bank due on sale clause? * The contracts are very poorly written and tend to favor only the buyer, at the expense of the seller. Per the one contract I saw, only the buyer could back out of the deal at any time, for any reason with no prior notice, effective immediately, with an option to extend the contract indefinitely without paying you. The contract also had no termination clause for the seller, which comes off as highly illegal. Upon providing legal counsel and suance, the investor looks like they backed off Beyond this though, these schemes are jewish as hell, it's essentially a fancy way of indebting the goy with a mortgage note whilst reaping the benefits of the house ownership to someone else. If the house goes up in value later in an upturn economy, you essentially lose out on crap tons of cash through equity skimming. And if the house turns south or insurance goes up, the buyer can back out at anytime and tell you to get bent.

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[–] • 1 pt

What you e posted is very confusing.Your post yesterday was confusing, too. Beyond what all you've come up with this time, there are local laws involved. I've even heard of potential buyers putting up thousands and sellers backing out. Due to local laws those thousands were lost by the buyers to the sellers. Talk to a local firm that buys and sells homes in your area. Ask the realtor all these questions and you'll get answers specifically for your locality. Buying or selling, you're going to get an education during that kind of an exchange. Write down your questions and make some new friends irl. Good luck.

[–] [deleted] • 0 pt

It's confusing because i have very little insight into what these investor products do or what they are supposed to do. They were pushed on me aggresively, but intuitively they make no sense to me.

[–] • 1 pt

Investor products were pushed on you? Huh? By whom? And why? The fk?!!!

Feel free to start from the beginning. It may not be tonight, but I'll get back to you. If it winds up being an absolute wall of text, consider making a new post and linking this one in the description/comment section.

[–] [deleted] • 0 pt

Yeah that might be a LONG conversation right there, better of creating a new post. The general, very short run down is that i had a real estate agent who misled me. I asked him to sell my house after some tenants trashed the place to crap. Lots of damage incurred. He pushed an investment product called a quit claim deed with a subject to, claiming my best option to make money. I didn't know anything about them, and decided it could be worth it after some casual research. I mean on paper it looks great, but not coming from an RE investment background it became very confusing, very fast.

A company came to me and said it was the bees knees of RE, i asked my agent and he said to definitely go for it. I then asked him again later on and he said i should do due diligence and completely reneged on his original wording. He then grilled me for discussing investor products with my lender because it's so safe i cant tell the lender who finances the mortgage .... Told the company honoring the subject to to go away and i would see them in court or remediate and to cancel the contract. Needless to say, this "advice" was horrible and a complete waste of time