Subject to???

[Jason Cummins]

Hello all and thanks in advance for your help!!!

I have a possible deal that I am working on. I have never done a subject to deal and have a couple of questions because I may be interested in doing a form of a subject to on this deal.

I want to offer the seller cash upfront, and take over his payments. I am assuming that this is "subject to."

Then I will fix and try to resell. We would pay the payments until we sold the house. Once the house sold we would obviously pay off the lien in his name of the house. It would need to be paid off at closing obviously.

Can this happen? Are there any flaws to this? If this is possible what is needed? Any advice would be great.

I am obviously wanting to do it this way as to not have to go through and pay the extra finance charges on the deal if the seller is willing to do it this way.

If he wont accept this, or it's just not able to happen, I will obviously just offer an amount and finance it.