Subject to - insurance, taxes included in mortgage

[Ronald G.]

If I do a subject-to for deed at closing, and insurance and taxes are included in the mortgage payment, does the owner cancel the insurance policy? And would this not affect the monthly payment?

I doubt the bank will do a DOS, but if the insurance changes, the bank will see a new policy owner. In addition, since I now have a deed in my name, I am responsible for property tax, even though the owner's name remains on the loan.

Can someone explain how this works?