Re: "Subject to" vs 'Assume" - Posted by David Alexander

Posted by David Alexander on March 14, 1999 at 17:38:59:

Subject To is just a term or way of handling the existing loan. You take over payments without qualifying. If you Assume the loan you now have the loan on your back, and soon your ability to borrow will end. You have to remember that the loan and the deed or two seperate animals, you get the deed in your Name(Corp) and then you take over the loan subect to.

David Alexander