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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Taking Subject To and then Refi'ing Posted by Ed on January 18, 2004 at 9:31 PM Interested in exploring instead of just reselling property acquired via THT, doing a Rent to Own instead. Mainly for tax purposes and to avoid dealer status. My question involves mortgages that are principal and interest at a very high interest rate. If I refi'd to interest only, maybe 3 or 5 year, then I could drastically reduce the monthly payment and increase cash flow and/or making it easier to attract a tenant buyer. This would be at no more than 75% loan to value. Has anyone done this? I believe I would need to take property out of trust for a new loan to come in, but would lenders allow this? Could I do it right away, or would they require seasoning? Would they allow cash to be pulled out? Thanks for the help. Ed Follow Ups: Making a loan directly to a title holding trust (THT) Ward-CA- 6:28 AM, 01/19/04 (1) Re: Making a loan directly to a title holding trust (THT) Ed 6:59 AM, 01/19/04 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Interested in exploring instead of just reselling property acquired via THT, doing a Rent to Own instead. Mainly for tax purposes and to avoid dealer status. : My question involves mortgages that are principal and interest at a very high interest rate. If I refi'd to interest only, maybe 3 or 5 year, then I could drastically reduce the monthly payment and increase cash flow and/or making it easier to attract a tenant buyer. : This would be at no more than 75% loan to value. Has anyone done this? I believe I would need to take property out of trust for a new loan to come in, but would lenders allow this? Could I do it right away, or would they require seasoning? Would they allow cash to be pulled out? : Thanks for the help. : Ed Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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