Understanding "Subject To" Transactions
(Taking Over Existing Debt)
Watch the following educational video, then visit the next page for a legal view of a 'subject to' contract.
This is where the deed transfers from the seller to the buyer, giving the buyer legal ownership of the property.
The mortgage stays in the sellers name, and the buyer is responsible for the payments going forth.
(Taking Over Existing Debt)
Watch the following educational video, then visit the next page for a legal view of a 'subject to' contract.
This is where the deed transfers from the seller to the buyer, giving the buyer legal ownership of the property.
The mortgage stays in the sellers name, and the buyer is responsible for the payments going forth.
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Please make your own conclusions, obtaining your own professional advice, as Kiwi Investments LLC are not Attorneys, CPA's, Real Estate Agents or Brokers. The information contained herein, including the video, is provided as general information only and has been obtained from sources deemed reliable. However it is provided without any guaranty, warranty or representation, expressed or implied, made by Kiwi Investments LLC, or any related entity, as to the accuracy or completeness of the information.
