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We have seen a number of real estate "gurus" who want to teach you about the so-called "Subject To (Subject 2, Sub2)" method of investing. Our program does not include the Sub2 simply because it is unethical and immoral. In some instances, it even constitutes fraud, and only in two states can it be used without triggering a "due on sale" clause in the seller's mortgage.
And those are the same reasons we will not go into detail here. The "short take" is this: the seller is required to sign over all rights in the property without giving up any of the responsibilities. If the deal goes sour, or if the "investor" cannot complete the deal, he can simply walk away and the seller is stuck. And, if the seller's bank gets wind of a Sub2, the lender can call the seller's entire mortgage due immediately (in all but two states). For these reasons, we consider the "Subject 2" method unethical and immoral.
Our own program, "The Simple Man's Guide to Real Estate", includes details on every legitimate method of investing in real estate (so Subject To is not included), and if you use the strategies in our program, not only will you be acting honorably, but you will not cause harm to anyone while you profit immensely, and earn yourself a solid reputation as a good person to do business with.
Why not check out our low-cost program today. Even if you choose not to order, you will find an incredible amount of free information in our site, including free eBooks on restoring credit, ridding yourself of debt, reducing taxes, saving money and so much more.
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Subject To, Subject 2, Sub2 page © 2008