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Updated over 9 years ago,
SUB2 - Online access to seller's mortgage info
I now have a motivated seller who is willing to go the “subject to” route; however, like many homeowners in a military town his mortgage is through USAA which is also his bank.
USAA's website is essentially a "one stop shop" for all their member's accounts/mortgage/insurance etc; meaning that having access to his mortgage information online, I would also have access to his checking account etc. We’re not closing until next week, but I foresee it being an issue. In order to have full control of the property, I require having online access to the account as well as paper statements/correspondence regarding the mortgage sent directly to me.
Is there any way to separate the two? Has anyone come across this issue? I would rather figure it out here, than have to talk to the bank.
Lloyd Stanton.
American.