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Updated about 4 years ago on .

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Lorenzo Brooks
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1
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Subject To (Transaction Process)

Lorenzo Brooks
Posted

I have a seller who is willing to sell me their property to me using "Subject to"    I have a limited understanding of Subject to.  The seller will deed their proper to my entity and I will make the payments on behalf of the seller on the existing loan.   My confusion comes in with the process once have the deed.   How will payments be paid , how will insurance and escrow be handled moving forward?   The current payment has insurance and taxed tied up in the payment.   I imagine that could get complicated in the event a claimed needs to be filed also I can see some issues when its time to file taxes.   Any one who can help shed some light and help educate me would be helpful.

Thanks,