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Updated about 17 years ago on . Most recent reply

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22
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2
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Ken Henson
  • Real Estate Investor
  • el paso, TX
2
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22
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subject to existing title

Ken Henson
  • Real Estate Investor
  • el paso, TX
Posted

Does anyone have any experience with alternative financing using subject to? Would like to structure my next deal with this but I am having trouble finding an attorney or title company willing to transfer deed. Can any one provide a little assistance with this subject? Thanks

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480
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Anthony Sulecki
  • Real Estate Investor
  • Millsboro, DE
26
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480
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Anthony Sulecki
  • Real Estate Investor
  • Millsboro, DE
Replied

You also need a quit claim deed, in case there is a divorce/separation situation, so one can quit claim to the other. You can also use a quit claim to back out, if you cant find a buyer for the home. You quit claim back to the seller. :) If its not notarized, its no good, so get it stamped. Also, get a "limited power of attorney" signed by the seller, so you can contact their lender for loan info., get escrow info., etc.

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