Comments on: Texas Lease Option Law – HB1823 – Update

By: charles

charles — Mon, 31 Oct 2011 19:04:22 +0000

How do I obtain your service.

By: Richard Peter

Richard Peter — Thu, 08 Sep 2011 19:47:22 +0000

Michelle,

I am interested in buying a property subject to and selling it on a wrap. Can you help me do this?

Richard Peter
214-365-0042

Also, I have found a condo that was in a fire. The HOA restored the outside and inside building to sheet rock state. But there are no cabinets, bath fixtures, etc. I need 20K to finish this out, but cannot find financing(credit issues, etc.) Is there a way to make this work. Owner willing to sell on a subject to.

By: Adria Allen

Adria Allen — Thu, 28 Apr 2011 00:47:33 +0000

Michelle,
How do we get in touch with you?

By: Joseph Smith

Joseph Smith — Thu, 21 Apr 2011 15:25:13 +0000

Michelle- I need to do this on a property in TX near Dallas which I own, but still have a mortgage on…my renter wishes to buy but has less-than-stellar credit issues due to a divorce back in 2006. I need information on the so-called “sub-to’s, wraps, and mortgage assignments. How can I get in touch with you?

By: Michelle Ellis

Michelle Ellis — Fri, 08 Apr 2011 04:05:35 +0000

Rudy–yes, that’s exactly how you do it–buy sub-to, then sell on a wrap. Use a good note servicing company, and make sure the first contract is favorable to you as the buyer, and the second one is favorable to you the seller. Feel free to contact me–my team is very experienced in all the details of doing wraps, sub-to’s, and mortgage assignments.

~Michelle Ellis

By: Rudy

Rudy — Sat, 12 Mar 2011 01:19:07 +0000

I was wondering if you would answer these questions for me. You mentioned that your solution is to sell owner finance and wrap mortgage. What strategy do you use to buy property? Can you buy a house useing a subject to and sell using a wrap around mortgage? Is that allowed or is there an easier way?
I’d really appreciate your feed back.

Thanks,

Rudy

By: charles Hall

charles Hall — Tue, 30 Nov 2010 01:09:28 +0000

I,am not a person in the real estate buissiness.
only am trying to sell our house, the potental leasers .ask to have a lease option,giving them a year to inprove there ability to qualify for a new loan,as thay said thay have a low score.cant qualify at this year.there is a existing loan now in sellers name.? do we have go by. Please reply