Posted by e on March 03, 2002 at 15:59:30:
so it’s sort of like assuming a mortgage. Or is it more like making the payments but the loan is still in other person’s name.
Can Someone Explain “Subject To” - Posted by E
Posted by E on March 02, 2002 at 20:49:45:
Could SOmeone explain Subject To in terms of Real Estate Investing?
I am starting off fresh.
Re: Can Someone Explain “Subject To” - Posted by David Alexander
Posted by David Alexander on March 02, 2002 at 22:04:22:
It simply means you are buying a property subject to any existing loans or encumbrances…
ie… if they have a 100k loan in place… you buy the property, but leave the loan in place… without paying it off… You make the payments etc…
David Alexander