Hello 10X – Here is my question:
Q: What is a ‘subject-to’ deal?
Thanks, Chad S, Salem NH
A: Hi Chad,
“Subject To” investing, often referred to as “Sub 2” or “Sub-To,” means you pay the existing mortgage while it remains in the seller’s name and on original terms, but you take the title to the property. As with a traditional purchase, the seller moves out and you have complete ownership. The transfer is done through a title company.
By Noli Peterson, Chief Technology Officer at Unlocked Home Project, and contributing ‘Expert’ at 10X.
Email: [email protected]