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Mark Moss
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Comments by "" (@realestatemindset) on "You Can Make Millions In Real Estate With This EXACT Method | Pace Morby" video.
Maybe we are addicted to doing things the right way. Buddy they dont have permission from the lenders to do subject to. That is a violation of the contract. At the very least we understand that part correct? What happens after the lender finds out is another story. So are we asking people with "no money" to also afford an attorney to fight out any court problems? Interesting that instead of warning about the pitfalls of this process you infer that if we don't buy into contract violation "subject to" we are losers? Wow I mis judged this content creator. Or im I seeing this wrong? @1MarkMoss
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Overall you cant assume conventional mortgages. Its interesting that much of this "strategy" is based on contract violation and not getting caught "taking over" the loan by the existing lender or servicer. They could call the loan due immediately. The gamble is the lender doesnt find out and or doesn't care. That doesn't seem like a great way to start a real estate portfolio. But yes people make money cutting corners and finding desperate sellers and taking advantage of that desperation. If im not mistaken Pace charges only $8,000 to learn to master these skills.....
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Its impossible to get these guys to acknowledge these facts. You're wasting your time. Pure reckless bull mentality. @josephlee2318
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@tombujnowski9349 subject to violating the contract and terms of the existing loan. Ridiculous. The seller is still on the hook. This effects their DTI and purchase power if ever they want to buy again in the future. I'd say he's helping himself and fooling the sellers. If you want to cut corners and violate contracts so be it but atleast acknowledge ot for the love of all that's holly
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