Atlanta, GA · Member since 2021 · 163 posts · 57 votes
I had someone approach me about Subject To. I know be very little about this, so figured it’d be easier to ask BP instead of burning an hour of research to find the answer
Are you able to sell a property a few years into taking over the payments? Or are you locked in to the duration of the mortgage once you take over payments?
I had someone approach me about Subject To. I know be very little about this, so figured it’d be easier to ask BP instead of burning an hour of research to find the answer
Are you able to sell a property a few years into taking over the payments? Or are you locked in to the duration of the mortgage once you take over payments?
Done properly, you can sell anytime. If you buy or sell a property Subject To an existing mortgage, there are a lot of things to know. That information is readily available, just don't try to cut out any of the steps.
Yes, once title is transferred into your name you can sell the property.