Deals subject to

[Michael Limina]

Hey all,

I have a question about subject to deals. I've read in all the blogs that it's common to find a motivated seller when trying to perform a deal subject to, and that it's surprising to find out how many sellers are willing to accept a subject to deal. But don't most sellers rely on the money from selling their house to put down on the new house that they're moving into? If I am understanding correctly the seller receives no money upon the closing of this deal, and the only thing in it for the seller is the relief from their mortgage payments, correct? After all my reading, I'm still finding it hard to believe that a seller would agree to such a deal. Can anyone reassure me that these deals do, in fact, happen? I really appreciate it!

Mike