What is a “Subject to” sale on a home? Simply put buying “subject to” means buying a home subject to the existing mortgage.

It means the seller is not paying off the existing mortgage and the buyer is taking over the payments. The unpaid balance of the existing mortgage is then calculated as part of the buyer’s purchase price.

“Subject To” works like this. The investor evaluates the property, sees what needs to be done to the house (repair estimate) to meet today’s buyers’ or renters’ needs, and makes an offer. The investor and the seller come to an agreement on the price and terms, at closing the house is deeded over to the investor, but the mortgage remains in the seller’s name. The investor makes all future mortgage payments along with any missed payments. Curing the default saves the house from foreclosure and saves the credit of the seller.

Many sellers like the idea of not only having their credit scores fixed by catching up late payments, but building continuous credit by having someone else make payments on their loan as well!
Why would a seller do this?
“Debt Relief “ You can now put behind this nightmare and move forward into a new home now that your credit has been reestablished.
Stop the collection calls IMMEDIATLY.

You don’t have to file BK or loose the house to foreclosure.
Your credit immediately goes up since you are now current with your mortgage.
We pay all your back mortgage payments, taxes & liens.
We can rent the house back to you if you decide to do so.
Or you can move out and we will take care of all moving and cleaning fees.
What is needed for us to prepare an offer to you:
How many payments are over due?
Back taxes or Liens?
Current loan balance
Current mortgage statement
Attorney info from your bank
Estimated repairs needed on the home.