Anyone have experience with "Subject-To" purchasing?
I went to a 3-day REIAs seminar this weekend, and this guy was all about the "Subject-To" deal. While I understand it in principle, he never went through a step by step process of how it worked. Only said, "Just put 'Purchase is subject to the mortgage' in the Special provisions section on the TREC (For Texas) form.
Anyone have any actual experience doing deals like this?