Closing a "Subject To" Deal

[Carl Randal]

Do you have to close a "Subject To" deal with a Title Company?  Or can this be done with just a Notary and Witnesses (example: at a Bank)?

[Guy Gimenez]

@Carl Randal 

You can save money by performing your own heart surgery too but I don't recommend it.  I will tell you in all honesty that if a deal is only a deal if you don't include a title insurance and typical closing fees, then it was never a deal to begin with. Don't step over a dollar to save a dime Carl as it will come back to bite in a big way at some point. I will not buy without title insurance under any circumstances. 

With that said, if I am comfortable risking a small amount of cash upfront for a truly great deal to keep it from foreclosure, etc. and I don't have time to get a title search completed, I will usually just get the seller to sign a pocket deed (along with a couple other docs and loan info) to protect my interests. I won't file the deed , I just keep it for protection until I can get the deal closed at a title company.