Frequently asked questions
Frequently asked questions
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Subject to is a process in which property is transferred from a distressed seller to a new owner but the existing mortgage is still in place and serviced by the new owner.
Yes.
Depending on the amount owned we would still be able to take title subject to the existing financing.
We would close thru a lawyer or a title company.
We would first negotiate with the bank to stop the due on sale process. If that doesn't work, we would refinance, sell the house or if the amount owed is low enough, we would pay out of pocket.