Timing is Everything

Tim sent me an email today explaining a good deal he had just lined up.  The sellers are 4 months behind on payments, it’s a decent loan (30 yr. fixed @ 6.5%), and there is about $50,000 in equity that the sellers are willing to walk away from.  Tim explained “subject to” to them and they are fine with it they just want to get out.  So, Tim shoots me over the specifics and asks me if I would do the deal.  Based on the details that I saw I told him Read more