Posted by Redline on March 12, 2001 at 20:57:58:
It means subject-to any existing financing.
IOW, when you buy subject to you are leaving the current mortgage in place. You are not assuming it and you are not getting your own loan. The person you buy from still remains on the loan and is liable for it.
To pick up RE defs and terms, I suggest a little hand held blue book called “Barrons Dictionary of Real Estate Terms”. It’s sold in most book stores and is great at explaining almost all basic terms and definitions.