'Subject-to' - Posted by Tim

Real Estate Investing
1

Posted by Terry (Houston) on February 20, 2001 at 13:27:36:

Taking the mortgage payments over ‘subject to’ the existing mortgage. You make the payments, repairs, get the tax deduction, and can sell it however you want.

Done right you get the deed and whatever equity they may have in the property.

The house is then yours but the loan is still in their name.

Hope this helps

Terry

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‘Subject-to’ - Posted by Tim

Posted by Tim on February 20, 2001 at 12:51:28:

I apologize for this post but what does ‘Subject-to’ exactly mean. I scrolled through the archive to try and find the answer and I find bits and peices of it. Nothing really concrete in my mind.