FAQ's
What is Subject-To/Owner Finance?
Do you make payments to me, then I pay the mortgage?
What is Subject-To/Owner Finance?
A "subject-to" transaction refers to purchasing a property while keeping the underlying mortgage intact, essentially assuming responsibility for the existing mortgage. The term "subject-to" is mentioned on HUD statement lines 203 and 503, signifying that we are acquiring the property subject to the existing mortgage terms. Despite its lon
A "subject-to" transaction refers to purchasing a property while keeping the underlying mortgage intact, essentially assuming responsibility for the existing mortgage. The term "subject-to" is mentioned on HUD statement lines 203 and 503, signifying that we are acquiring the property subject to the existing mortgage terms. Despite its long history, some seasoned investors and brokers may not be familiar
How am I protected?
Do you make payments to me, then I pay the mortgage?
What is Subject-To/Owner Finance?
The seller is also protected by a document called a Deed of Trust, and Promissory Note enforced by the closing Title Company. A Deed of Trust is a legal document that allows a borrower to transfer the ownership of their property back to the original owner to avoid lengthy foreclosure and lawyer fees. This document is completed at closing and drafted by the Title Company.
Do you make payments to me, then I pay the mortgage?
Do you make payments to me, then I pay the mortgage?
Do you make payments to me, then I pay the mortgage?
No, we want this to be as painless as possible, so we will pay for a loan servicing company to service our agreement.
A loan servicing company is a third-party entity that manages loan-related tasks such as collecting payments, sending statements, and ensuring that the borrower stays up to date on their payments. This helps the seller have