Ask an Expert: What is a subject-to deal?

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]

 

 

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