Selling house as "Subject to"

[Raj Kumar]

Dear Real Estate Experts,

I have an investment property that has been challenging to rent out. Recently, I received a proposal from a potential buyer who is unable to secure the loan they need. They are interested in purchasing the property on a "subject-to" basis. I am seriously considering this option, where the property would remain in my name with the existing mortgage until the buyer pays it off completely.

I plan to involve a real estate attorney in this transaction, but I wanted to seek advice from experts like you on the key considerations and steps I should take during this process. Additionally, I am interested in understanding how to structure the deal to address potential issues like a "buyer default."

Your insights and guidance would be greatly appreciated.

Thank you,
Raj