How to get out of a 'subject to'...

[Tiese C.]

5 years ago I did a 'subject to' on my home. However, my name is still on the mortgage. Investor on the deed. The investor told me that I had to keep my name on the mtge for 5 years-which is this month. I had someone look at the paperwork & of course, that timeline was not put in the contract. 5 years ago, the investor also told me that I could take the house back. How can I get my name off the mtge- I do not want to be tied to the house. The loan was thru VHDA. I am so hurt, disappointed & feel I was hoodwinked. Any suggestions would be greatly appreciated!!!

[Jay Hinrichs]

@Blair Poelman  agreed  usually bad idea for seller...   puts the seller totally at risk for

1. payments not being made and their credit trashed

2. they go to buy something else but can' t becasue this mortgage is still in their name.. ( no one told them that would happen)

3. loan is called buyer can't refi or sell.. and now seller has a NOD on their credit which is about the worse thing that can happen to someone's credit.

4. Seller is no longer in title simply nothing they can do.. buyer puts junior debt behind and then defaults.

just so many things that do not favor seller... and of course you have sharks that do this as a scheme and I won't even go into what they do so not to give any of the bad actors ideas  LOL