Mortgage Assignment/Sandwich Lease

Almost sound like a Sub To as well...

A mortgage assignment is when you get a house under contract with a Subject To and assign that contract to a buyer who gets the deed in his/her name but makes the payments on the original mortgage which remains in the seller's name (like a Subject To).

A sandwich lease is when you buy a property with a Lease option and then turn around and offer a Lease option to a buyer (contract must have option to sublease in it).

That's my understanding of the two.

Tom

This would be a great way around short sales then wouldn't it? Also for any homeowner that is motivated to sell. It is also good for buyers who cannot get a loan from the bank but have the money to put down and can make the monthly payments.

Lane you get a gold star for learning that lesson, that's why so many people like doing L/O.

Thanks for sending me that link last night bro, I didn't go to sleep until 3am! That really put it into perspective...

If you don't mind me asking, what link did you get sent? If it helped you understand mortgage assignments and sandwich leases, please share because I am trying to learn as much as possible about both of these and I am willing to read anything and everything to better understand them. Thanks.

Thats great information, but isnt sandwich leases a lot risker. I focusing on L/O and would like more clarification. Thanks masters for all you do to help us grasshoppers.

I have what may be a bone head question, but when your are doing L/O is the seller disclosure/buyer acceptance needed. Havent seen it specifically addressed in any threads so far. I know you can answer it so fire away. I need all the help I can get.