Buying a house ‘subject to’

[Jason Renfro]

Who can help me if I want to buy an off-market distressed property ‘subject-to’ the current mortgage? The way I understand it, I would take title but leave the current loan in the seller’s name. This would allow me to get the house for much less upfront than a traditional cash sale. Either way, I’ll want to refi after rehab but this would be cheaper to acquire it. So...can the title company provide a purchase agreement that the seller and I can sign with a subject-to provision? Or do I need to call a lawyer?